By Dorothy Musyoka
President William Ruto has assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025.
The bill is set to play a pivotal role at curbing illicit financial flows and closing existing regulatory loopholes particularly those exploited through property transactions and the misuse of shell companies.
“The signing of the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025 reinforces this vision by sealing gaps that facilitate illicit financial flows via property transactions and the use of shell companies,” stated President Ruto.
This new law is a key part of Kenya’s ongoing reforms to fortify its financial ecosystem, aligning the nation with global efforts to combat money laundering, terrorism financing, and economic crimes.
In addition to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025, the President also signed into law the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024).
This legislation sets a new benchmark for professionalism and ethical standards in Kenya’s insurance sector.
The Bill introduces comprehensive licensing requirements, continuous professional development obligations, and stricter compliance mechanisms for practitioners.
It is expected to boost public confidence and attract greater investment into the sector.
Speaking at the event, the President emphasized the importance of regulatory clarity and professional excellence in sustaining a resilient and inclusive financial environment.
“Also signed the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024) that will enhance the standards of service and promote professionalism in the industry,” added the President.
The signing ceremony was attended by key leaders including National Assembly Speaker Hon. Moses Wetang’ula, Majority Leader Hon. Kimani Ichung’wah, Solicitor-General Shadrack Mose, and Finance and National Planning Committee Chairperson Hon. Kuria Kimani, among other senior government officials and stakeholders.
However the signing of the two bills into law positions the country as a leader in financial integrity and regulatory reform.