Nairobi, March 5 -- The 411 registered real estate agents filed only two suspicious transaction reports (STRs) to the Financial Reporting Centre in the five years to 2021, a deficiency that might be exploited by criminals who want to conceal their dirty cash.

This deficiency is one of the reasons the Financial Action Task Force (FATF), the global anti-money laundering watchdog, put Kenya under high surveillance in what is known as the grey list with 21 other countries.

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Published by HT Digital Content Services with permission from Business Daily....