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.

Data from the report shows a significant surge in the number of transactions flagged as potentially linked to money laundering, underscoring a worryin...

Ramaphosa, a wealthy businessman before he became president, has repeatedly denied wrongdoing.

CBK said the proposed go-live date for the new guideline will be September 30, 2024, as per the revised plan.

Binance, the world's largest cryptocurrency exchange, also faces separate accusations of tax evasion.

According to a statement from the Treasury, the regional gathering honoured the 25th anniversary of efforts to combat money laundering and terrorism f...

The accused, some of whom own companies linked to the case, were accused of fraudulently acquiring the Sh301,908,000 on diverse dates between July 1,...

Banks offer a gateway into the financial system. Once the funds are in the financial system, it is easier to disguise their illegal origin.

Being on the grey list is typically seen as an indictment of a country’s ability to identify and effectively redress financial crimes. It warns invest...

The call follows Kenya's addition to the grey list of the Financial Action Task Force (FATF), over deficiencies in anti-money laundering laws and enfo...

Ndung'u confirmed the recent developments, stating that the new rating necessitates Kenya to enhance monitoring to ensure compliance.

Senior Resident Magistrate Geoffrey Onsaringo granted the orders despite opposition from the suspect's battery of lawyers.