Real estate agencies, sacco, casinos, forex bureaus and life insurance brokers will be required to register with the anti-money laundering watchdog before September 15, as the government clamps down on economic crimes such as financial terrorism and racketeering.
In separate statements to the chief executives of real estate agencies and saccos, the Financial Reporting Centre (FRC) said it was onboarding the property firms and Sacco Societies Regulatory Authority-regulated saccos to supervise their reporting to ensure no proceeds are going to financing terrorism or money laundering schemes.
