"Some countries have illicit flow of money including that from terror-related activities. We must come up with laws so as to check on money laundering and align our country to the international standards on the issue," said President Ruto.
He argued that to fight corruption, assets and property of Kenyans must be protected.
"It's the demand of Kenyans that their assets and property be protected at all costs. This can only be done by putting in place proper legislation on this," he said.
The President told the legislators that the ongoing development initiatives will soon yield fruits and address the cost of living.
"What we are doing as Government is for the interest of our people. To reduce the cost of living, we must support initiatives in the agricultural sector among other areas," he said.
Ruto praised MPs for embracing teamwork and unity in supporting the government's agenda in Senate and National Assembly.
He singled out the passage of the Finance and the Universal Healthcare Bills as some of the critical legislation that will go a long way in addressing challenges facing Kenyans.
"I must commend you for the great work you are doing to pass Government Bills aimed at transforming the lives of our people upon their implementation," he said.
Deputy President Rigathi Gachagua urged legislators to educate the people in their respective areas on the steps the government was taking to address the challenges facing them.
"We should take the lead in educating the people on the programmes the Government is taking to address challenges facing them," said Gachagua.
Senate Majority Leader Aaron Cheruiyot and his National Assembly counterpart Kimani Ichung'wa praised the leadership of President Ruto, saying it was participatory.
"We appreciate consultative leadership like this one. We must work together as a team in addressing challenges facing Kenyans," said Mr Ichung'wa.