US flags Kenya for relaxing dirty cash reporting rule

white house, kenya-us relations, kenya-us trade deal


Business Daily | by Brian Ngugi


Kenyan officials handling money-laundering investigation files are tipping account holders of suspicious transactions to move their assets before raids, hampering the fight against money launderers.

A new US report tracking the global money-laundering hotspots also says Kenya appears to have taken a step back in the fight after last year it lifted the threshold of reporting cash transactions above Sh1 million…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here