SportPesa targeted in Kenyan financial crime probe

Financial Reporting Centre to investigate offshore money laundering allegations made by former chair of holding company

SportPesa is set to be investigated by Kenya’s top financial watchdog over alleged money-laundering claims concerning KES30bn (£206m) in funds transferred from local accounts to offshore banks. In its investigation, the Financial Reporting Centre (FRC) will aim to establish if these funds were transferred illegally to tax havens including the Isle of Man, the Canary…

Finance | Kenya | Kenya Revenue Authority | Money Laundering | SportPesa