Kenya making progress in fighting financial crimes

Thursday, December 12, 2013

The amount of illicit money entering Kenya from faulty trade invoicing, crime, corruption and shady business activities has increased more than five-fold in a decade, new data has shown. The data, calculated for Thomson Reuters Foundation by Global Financial Integrity, shows these illicit inflows now equal roughly 8 percent of Kenya’s economy.

Source: Thomson Reuters Foundation (link opens in a new window)

digital payments, governance