More than half of the 10,733 private companies reported for money laundering in Kenya are in the construction sector, confirming fears that the unexplained growth in the capital-intensive real estate sector could be fuelled by dirty cash.
The National Risk Assessment On Money Laundering and Terrorism Financing of Legal Persons and Legal Arrangements – Kenya report published by the Business Registration Service (BRS) shows that 10,733 registered private firms were reported for money laundering in 2022.
