October 25, 2017
A substantial amount of money could be channeled through forex bureaus to finance terrorist activities, according to a national risk assessment report on money laundering and terrorist financing, writes JEFF MBANGA.
The report, which profiles the institutions terrorists and other criminals might exploit to move money around, points to the managers running the forex bureaus as another source of worry.
The large number of forex bureaus in the country, and the competition created, is one of the reasons why terrorism financing has found a safe haven in this sector, the report explains.
