Bank accounts tip-offs trigger seizure of Sh15.6bn illicit wealth
Nairobi, July 27 -- The tracking of bank transactions helped a State agency tasked with monitoring money laundering unearth illicit wealth worth $120.91 million (Sh15.65 billion) in the year to December 2025, reflecting increased use of financial intelligence in fight against economic crime.
Fresh disclosures from the Financial Reporting Centre (FRC), which is the country's financial intelligence unit, show that suspicious transaction reports filed largely by banks triggered a wave of investigations that have led to the tracing and identification of the billions of shillings.
The intelligence was built from thousands of reports that banks and other reporting entities, such as real estate agencies and insurers, file with the FRC, includi...
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