The typologies report also flagged increasingly sophisticated tactics, including the use of shell companies and structuring transactions to evade detection.
By
Patrick Alushula
Business Reporter
Nation Media Group
The tracking of bank transactions helped a State agency tasked with monitoring money laundering unearth illicit wealth worth $120.91 million (Sh15.65 billion) in the year to December 2025, reflecting increased use of financial intelligence in fight against economic crime.
In Kenya, cash transactions of $15,000 (Sh1.9 million) or more must be reported to the Financial Reporting Centre (FRC).…
Nigerian banks and fintechs flagged over 82,000 suspicious transactions in 2024, according to an NFIU report, highlighting…
The stolen Sh1.55 billion ended up in individuals’ accounts and was partly used to buy residential and commercial buildings in…
The Bangladesh Financial Intelligence Unit (BFIU) received 30,199 reports of suspicious financial activities and transactions in…
The findings reveal that millions of shillings are reaching households through informal channels outside the banking system
The DCI has launched investigations into a Sh42 million Kenya Prisons payroll fraud in which rogue transfers were made to nearly…
