Kenyan Authorities Freeze $888,030 Tied to Alleged Multi-Layered Money Laundering Operation

Kenyan authorities have frozen $888,030 in cash and USDT tied to an alleged multi-layered money laundering operation.

The Assets Recovery Agency (ARA) seized funds linked to two Kenyans over a scheme that allegedly moved more than $2.32 million through shell firms, bank accounts, remittance services, and cryptocurrency wallets.

Court documents filed by the ARA state the frozen funds include USDT held in Binance accounts alongside cash distributed across multiple banks.

The agency said the scheme relied on two parallel channels designed to obscure the origin of the money and evade detection.