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Interpol flags 14 for crypto-linked terror financing in Kenya
Criminals prefer to use cryptocurrencies instead of the formal banking system to move large sums of money because it carries a lower risk of being detected by law enforcement or the traditional banking systems, which are required to submit suspicious transaction reports.
Fourteen suspects in Kenya have been flagged for financing of terrorism activity through virtual assets, including cryptocurrency, the global police body Interpol said on Wednesday.
Four of the flagged suspects in Kenya have been arrested as part of an operation across six African countries targeting terrorism financing and the illegal activity supporting it.
