In Kenya, cash transactions of $15,000 (Sh1.9 million) or more must be reported to the Financial Reporting Centre (FRC). Cross-border transfers of $10,000 (Sh1.3 million) or more also require...
By
Dennis Musau
Technology Correspondent
Nation Media Group
A network of shell companies, international remittance services, intermediary bank accounts and cryptocurrency wallets has landed two Kenyans in the crosshairs of investigators, who have frozen Sh115 million linked to them after tracing what they believe was a sophisticated money-laundering operation involving more than Sh300 million.
The findings reveal that millions of shillings are reaching households through informal channels outside the banking system
Kenya remains on the list of countries at high risk of money laundering and terrorist financing, with the Financial Action Task…
From February 2024 to April 2025, the group reportedly moved $11.1 million in illegal funds by purchasing USDT and trading on…
South Korea has arrested dozens accused of moving $11.1 million in crypto for a Cambodia-based phishing group.
Authorities arrest three main suspects accused of using shell companies, fake invoices and real estate vouchers to move funds and…
The DCI has launched investigations into a Sh42 million Kenya Prisons payroll fraud in which rogue transfers were made to nearly…
