Banks offer a gateway into the financial system. Once the funds are in the financial system, it is easier to disguise their illegal origin.
The Financial Action Task Force, FATF, international crime watchdog on Friday added Kenya and Namibia to its ‘grey list’ of countries that need increased monitoring, due...
Popular car dealer Joseph Kairu Wanjiru alias Kairo, has found himself in the middle of accusations that he’s involved in money laundering claims that he has...
By Ken Ngurachgi Two top highly rated United States of America (USA) registered Private JET Airlines, Cullinan Private JETS Corp and Glo-JET International Air have been...
The High Court has frozen a bank account with Sh53 million in US dollars belonging to a businessman over links to proceeds of crime. Justice Diana...
The Directorate of Criminal Investigations (DCI) officers from the banking fraud unit have arrested Yogesh Pattni the CEO of Victoria Commercial Bank over what multiple sources...
You might be wondering why in the last 12 years there’s been an explosion of car dealerships and car yards on populous roads in Nairobi. This...
Senior Credit Bank managers stationed in Westlands Branch, Nairobi have been linked to a complex 1.5 billion money laundering scheme. The branch manager Nancy Kung’a and operations...
A Nairobi court has allowed the extradition of Abdulrahman Imraan Juma to the United States to face fraud and money laundering charges. Juma is allegedly part...
The High Court has frozen more than Sh400 million belonging to Nigerian firm Flutterwave Payment Technology Ltd and two other companies over links to card fraud....
The avocado producing giant doesn’t seem to have a rest instead aligning with controversies stretching from human rights abuses that saw the company getting sued, lost...
Directors and top officials of high end and mixed use real estate firm Tatu City and its main subsidiary Kofinaf are under investigation by the Ethics...
Investigations into alleged money laundering and tax evasion by directors of Tatu City company will centre on 36 parcels of land.Ethics and Anti Corruption Commission (EACC)...
UBA and Equity Banks are currently embroiled in a legal tussle with Assets Recovery Agency (ARA) over Sh5.6B frozen in the two banks suspected to being...
United Bank of Africa(UBA) Kenya is in trouble following accusations made by the Assets Recovery Agency that the bank hold Sh5B that they deem was acquired...
Pearl Beach Hotels Limited, the developer of Mombasa’s English Point Marina is in trouble as he’s now facing investigations, for alleged theft through fraudulent billing of...
Banks are pushing for changes to the law that will compel betting firms to report suspicious deposits and withdrawals from gaming accounts in the latest plan...
Peter George Odhiambo, the Central Bank of Kenya (CBK) spy who disguised as internal auditor revealed tax evasion and money laundering of at least $573 million...
National Treasury Cabinet Secretary Ukur Yatani is expected to furnish the National Assembly departmental committee on Finance and National Planning with financial details, records of tax...
At least $2.3 billion has been laundered via U.S. real estate transactions in the last five years, according to a new report by a Washington, D.C.-based...