anti-money laundering - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Saccos face new rules on deposits and cybersecurity

Sacco ReviewSeptember 30, 202604 mins

New measures target deposits, shared services and cyber risks SASRA gains wider powers over financial crime compliance Proposed reforms could reshape liquidity and deposit protection systems Kenya’s Sacco sector is facing significant regulatory changes following new measures on deposit protection, money laundering, shared financial services and cybersecurity. The developments, which are contained in the 2025…

Global payment firms restrict money transfer services to Kenya

Sacco ReviewAugust 19, 202603 mins

Kenyans relying on international payment platforms face new restrictions on receiving money from abroad Freelancers, remote workers and families could face delays or difficulties accessing overseas payments Kenya’s heightened scrutiny over anti money laundering rules is putting greater focus on customer verification and digital transfers Several international payment platforms have restricted or suspended services for…

Why Saccos should adopt Anti-Money Laundering Software

Sacco ReviewMay 25, 2026012 mins

As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…