money laundering Stories
Antoine Kassis was extradited from Kenya in February following an Interpol arrest warrant requested by the United States over his involvement in narco...
Investigations by the DEA also revealed that Kassis allegedly collaborated with a broker identified only as Kherfan to launder money, traffic cocaine,...
The alleged robbery took place along the Kariokor–Pangani road on April 10, 2025. The suspects are said to have been armed with a metal rod and a shar...
During the quarter under review, mobile money subscriptions rose by 7.27 million to hit 85 million, while an additional 89,389 active agents were brou...
Kassis is accused of being part of a US criminal syndicate that trafficked drugs from Colombia to Syria in exchange for weapons smuggled back into Col...
Britain's Airtel Africa on Thursday said it expects to list Airtel Money, its mobile money services unit, in the first half of the calendar year 2026.
Speaker Wetang’ula referred both memoranda to the Departmental Committee on Justice and Legal Affairs for review.
Betting firms, landlords, retirement benefits schemes, Sacco owners, estate agents, certified public secretaries, jewel dealers, accountants, and NGO...
Kenya was placed on the Financial Action Task Force’s (FATF) grey list in February last year due to weaknesses in combating money laundering, terroris...
The committee ‘Save Stevo Campaign, ’ noted that Saudi authorities had assured it that the Muslim World League had cleared the remaining balance of th...
SUPKEM National Chairman, Al-Haji Hassan Ole Naado revealed that the Muslim World League made the payment a month ago.
However, in a statement released on Wednesday, the group acknowledged media reports indicating that a benefactor had cleared the remaining 2.9 million...
Mobile transactions jumped 9.3 per cent from the previous year’s total of Sh7.95 trillion.
Kenya’s anti-money laundering measures came under international scrutiny in February 2023, when the country was grey-listed by the Financial Action Ta...
During the initial trial, the Prosecution argued that the financial transactions linked to Waititu were designed to conceal illicit proceeds.
With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...
Chief Magistrate Thomas Nzyoki has summoned Waititu to appear in court physically on Wednesday at 9:30 am after he failed to show up on Tuesday.
The previous year saw mobile money growth slow to its lowest rate in four years, largely due to a 25 per cent hike in taxes on transactions.
Rahma reported the matter to the Directorate of Criminal Investigations (DCI) at Kilimani, Nairobi, on January 2, 2025, leading to the arrest of Abdul...
M-Pesa's share is now at its lowest since the regulator began tracking market share in September 2022, when M-Pesa had a commanding 96.8 per cent shar...
The rise in subscriptions has been attributed to better network coverage, affordable smartphones, and improved mobile services.
The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.
The CBK has supported this shift by granting approvals to Safaricom, Telkom Kenya, and Airtel Kenya to raise daily transaction and account limits.
The annual report tabled before parliament further notes that this is worsened by advancement in technology that further complicates the traceability...
Arita, a seasoned financial expert, outlined his plans to establish a dedicated team within CBK focused solely on addressing these issues.
Airtel's policy change allowed users to receive funds directly into their e-wallets without being compelled to withdraw within a week or risk having t...
Safaricom CEO Peter Ndegwa said the performance remains strong amid the headwinds in the Ethiopian business.
Data from the report shows a significant surge in the number of transactions flagged as potentially linked to money laundering, underscoring a worryin...
The proposed tax changes would likely lead to increased charges for these services, impacting millions of users.
The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.
