CEO Abhinav Nehra · LEAD
Egyptian Lender CIB Bank Put On FRC Probe Over Alleged Money Laundering
Commercial International Bank Kenya is under investigation by the Financial Reporting Centre over a suspicious cross-border transfer of Sh69.5 million from Laos, raising fresh concerns about compliance gaps in Kenya’s banking sector. The Egyptian-owned lender is facing scrutiny after allegedly facilitating the wire transfer of $523,599.85 from Phongsavanh Bank Ltd, a mid-tier Laotian bank, through […]