Nairobi, Feb. 16 -- Kenya hopes to be removed from the global financial crimes watchdog's "grey list" by May as it tightens its tools to detect and block illicit money flows.

The Paris-based Financial Action Task Force (FATF) added Kenya to the list of countries under special scrutiny in February 2024, due to loopholes in countering money laundering and terrorism financing.

Getting off the list could make it easier for capital to enter the country and also benefit companies and households through lower funding costs.

Kenya said it is sharpening its tools to detect money laundering and terrorist financing and aims to have operational Anti-Money Laundering and Countering the Financing of Terrorism Committees.

"So everyone should go do t...