More than half of private companies that have been reported for money laundering are in the construction sector, according to a government report that sheds fresh light on the prevalence of shady dealings in the cash-intensive sector.
The National Risk Assessment On Money Laundering and Terrorism Financing of Legal Persons and Legal Arrangements – Kenya report the Business Registration Service (BRS) publishes shows 10,733 registered private companies were reported for money laundering in 2022.
