Nigeria, South Africa, Mozambique and Burkina Faso were delisted in October this year, but Kenya remains on the money crime watch list. [Courtesy]

The global standards for money laundering and credit ratings have been criticised for not reflecting the realities of low and middle-income countries.

This is even as African States continue to suffer adversely from being included in the Financial Action Task Force (FATF) grey list, which indicates increased monitoring for money crime. Kenya was grey-listed in February 2024 for what FATF said were weak anti-money laundering and terrorism financing measures.

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`;
} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}

function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

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The global standards for money laundering and credit ratings have been criticised for not reflecting the realities of low and middle-income countries.

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Published Date: 2025-11-04 06:00:00
Author:
By Esther Dianah
Source: The Standard
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