Featured Kenya

Kenya’s new Bribery Act, which pairs onerous obligations with severe penalties, may mark the start of a new era in which developing countries pass and enforce anti-bribery laws that are far more stringent than those in “traditional” compliance jurisdictions. Read More
6th July 2018
Kenyan lawyers, engineers and accountants have been involved in facilitating cases of corruption in the country, the chief executive of the anti-graft commission said on Thursday. Dozens of government officials and business people are facing charges related to the theft of nearly $100 million from a state agency, the latest… Read More
15th June 2018
High-level corruption across all levels of government in Kenya threatens the integrity and basic functioning of the state, the auditor general told Reuters on Thursday. Kenyan media have reported on dozens of graft scandals involving public officers conspiring to steal from state coffers since President Uhuru Kenyatta took office in… Read More
6th June 2018
A Kenyan court denied bail on Tuesday to dozens of suspects detained in a corruption scandal involving the theft of nearly $100 million (£74.7 million) worth of public funds, and it ordered that they remain incarcerated throughout the trial. The 43 suspects, who include public servants and private business people,… Read More
4th June 2018
Kenya’s president ordered all state procurement personnel on Friday to undergo lie-detector tests as part of measures to tackle graft after dozens of officials and business people were detained for alleged theft of public funds. On Monday, 54 people – including the public service ministry’s principal secretary – were named… Read More
8th March 2018
AP – Liu Tai-ting was hoping to make money to support his child when he moved to Kenya from Taiwan and joined in what Chinese authorities say was a telephone fraud scheme, posing as a government official to demand bogus payments and gain control of his victims’ bank accounts. Read More
5th February 2018
One of the world’s leading investigators into the illegal trade in ivory and rhino horn has been killed in Kenya. Esmond Bradley-Martin, 75, was found with a stab wound to his neck at home in the capital Nairobi on Sunday. The former UN special envoy for rhino conservation was known… Read More
1st December 2017
By Lee Mwiti, Standard Media The Kenya Revenue Authority has announced tough new measures to counter multinationals engaging in tax evasion. Commissioner-General John Njiraini said on Wednesday that KRA would push for the signing of more tax information-sharing agreements with revenue bodies from other jurisdictions to get a clearer… Read More
9th November 2017
Kenya, Uganda and Tanzania are among the countries in east Africa where international lenders have cut-off correspondent banking relationships for fear of being exposed to charges of money laundering and terrorism financing. “The withdrawals of correspondent Bank relationships (CBRs) could result in longer payment… Read More
3rd July 2017
Money laundering can be summarized in three words; Bribery, Corruption and Fraud. The difference of these three words is almost nil. Kenya’s vulnerability to money laundering is fast rising with the complex mobile payments pioneering in the country. Kenya ranks badly in the Corruption Index (Transparency International & W.G.I.) making the country… Read More
28th June 2017
Former Chase Bank chairman Zafrullah Khan is expected in court Wednesday to face money laundering and theft charges. Khan was arrested by detectives from the Banking Fraud Investigations Unit and spent Tuesday night in custody, according to police. He is among seven senior bank managers whom the Director of Public… Read More
Must Read

Key points in the draft EU-UK Brexit deal

AP — The draft divorce agreement between Britain and the European Union has two parts: a legally binding withdrawal agreement, which runs more than 580 pages, and a looser political declaration on future relations. Some key points: WITHDRAWAL AGREEMENT Transition period: Britain will leave the EU… Read More

Danske money laundering scandal is ‘tip of iceberg’, whistleblower’s lawyer says

Danske Bank’s (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said. Stephen Kohn, a partner at U.S. law firm Kohn, Kohn and Colapinto who is representing… Read More