Kenya has recently made significant changes to its Anti-Money Laundering and Combating Terrorism Financing Laws through the Amendment Act, No. 10 of 2023. This legal update has introduced important modifications, creating new obligations for various entities. In this discussion, we will delve into these changes, focusing on Beneficial Ownership, Company Secretary, Resident Director or Contact Person, Nominees, Dissolution of Inactive Companies, and Record Keeping.
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