President Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025 into law.
Ruto assented to the bill on Tuesday, June 17, at State House, Nairobi.
The bill aims to strengthen Kenya’s framework for tackling money laundering, terrorism financing, and proliferation financing.
Ruto signs new bill into law. Photo: Courtesy.
The Anti-Money Laundering bill was initially passed on April 16, 2025, but the President returned it to Parliament with reservations.
The bill was passed for the second time on June 3, 2025, with ten Acts of Parliament amended to address technical compliance deficiencies flagged by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF).
Moreover, Ruto also assented to the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024 which establishes a comprehensive legal framework to regulate the insurance industry.
The bill aims to improve service standards, strengthen accountability, and address professional misconduct in the sector.
The new law introduces a bottom-up registration regime for insurance professionals, heralding a new era in insurance regulation.
The bill also mandates the formation of a Registration Committee responsible for receiving applications, issuing practicing certificates, monitoring compliance with quality assurance standards, and recommending disciplinary enquiries when necessary.
