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Kenya targets betting businesses in expanded anti-money-laundering controls

Regulation

Kenya’s government has widened anti-money-laundering controls to include businesses such as casinos, alongside other sectors, the report said. The Financial Reporting Centre set a registration deadline for the latest targeted businesses, while the 2023 amendment bill proposes tougher penalties for moving substantial amounts of undeclared cash.

Betting and casino businesses may face additional registration and compliance requirements under Kenya’s anti-money-laundering measures.

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Ireland sets tighter anti-money laundering controls for gambling operators

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