Kenya flags betting jackpots for money laundering

Kenya has flagged betting firm W88 Kenya for offering gambling services without approval. FILE PHOTO | NMG

The mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering proceeds of theft, drug dealings and terrorism as the State heightens focus on the betting industry.

A money laundering risks review report launched by Interior Cabinet Secretary Fred Matiang’i on Wednesday fingered the popular payouts by betting companies as risks for money laundering.

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