Massive movement of hard cash into Kenya, mostly in US dollars, prompted a regional anti-money laundering watchdog to issue a damning verdict on the country’s preparedness in the fight against dirty cash.
The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), which monitors how the region is implementing global measures against dirty cash, notes that Kenya received a suspect Sh72.2 billion in cash in the four years to 2021 that was not sufficiently explained.
