THE Financial Intelligence Centre (FIC) has uncovered a suspected cross-border money laundering scheme in which a company registered to provide business support services received over K222 million and US$5.7 million in three months through a network of payment firms. According to the FIC’s 11th Money Laundering Trends Report, the suspicious transactions involved companies registered under different business activities, including money transfers, transport support services and soft-drink manufacturing, but which were allegedly being used to move large sums of money across borders. The report revealed that one of the companies, identified as Company A, operated accounts at three banks and received K85 million and US$21 million between June 2024 and August 2025. “The FIC initiated an inquiry into Company A, a...