Kenya freezes $52 million linked to Flutterwave over money laundering claims ...Middle East

Quartz - Economy
Kenya freezes $52 million linked to Flutterwave over money laundering claims
source : Quartz ( Middle East ) () 22
Flutterwave’s controversy seems to never end. On July 7, it had to deny reports linking it to a $52 million money laundering ring in Kenya. The money is claimed to have been hidden in 62 bank accounts but was frozen.In a statement on its website, the company distanced itself from the alleged crime, saying it maintains high regulatory standards and is audited by an unnamed reputable company.“Our anti-money laundering practices and operations are regularly audited by one of the big four firms. We remain proactive in our engagements with regulatory bodies to continue to stay compliant,” the statement reads.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’

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