Nairobi, May 3 -- Trade-based money laundering (TBML) is rapidly emerging as one of the most complex and least understood threats to financial integrity in developing economies, particularly in trade-driven hubs such as Kenya.

Unlike conventional money laundering, which relies on cash transactions or financial system layering, TBML exploits the international trade system by manipulating invoices, quantities and pricing of goods to disguise illicit financial flows.

As Kenya expands its regional and global trade footprint, the risk of TBML correspondingly intensifies, placing greater responsibility on institutions such as the Financial Reporting Centre (FRC) to strengthen financial intelligence-gathering frameworks.

TBML flourishes on di...