THE Financial Intelligence Centre has revealed that it analysed 15,696 Suspicious Transaction Reports (STRs) in 2023, out of which 923 intelligence reports worth K13.58 billion were disseminated to Law Enforcement Agencies (LEAs). The Centre says the disseminated intelligence reports represent a 133 percent increase from 2022’s reports valued at K5.83 billion, the majority of which were related to suspected money laundering, corruption and tax evasion. According to FIC, the disseminated intelligence reports relate to suspected offences of corruption (nine), fraud (six), money laundering (11), tax evasion (450), violations of BFSA SI No. 38, 2003 (443) and violations of the Immigration and Deportation Act (four), bringing the total to 923. The report has also revealed that the Centre froze 27 bank...