Real estate, law firms top Kenya's money laundering risk list
Nairobi, July 29 -- More than half of the firms flagged for higher exposure to money laundering risks are in the real estate and legal services sectors, putting these two sectors at the forefront of Kenya's fight against illicit financial flows.
A 2025 Financial Reporting Centre (FRC) risk assessment reveals that 282 of the 442 entities profiled across four sectors fall into the medium- or high-risk categories, highlighting persistent gaps in anti-money laundering controls.
The real estate sector recorded the highest exposure, with 153 agencies classified as medium or high risk, compared with just 40 rated low risk. The legal profession followed, with 74 firms in the medium-to-high-risk bracket and only 12 considered low risk.
The find...
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