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Originally published by Kenyanstop
December 17, 2025
2h ago
Govt Goes Global to Trace Stolen Wealth in Offshore Accounts

He told delegates that tracing assets concealed in foreign jurisdictions requires sustained cross-border collaboration as corruption networks have become increasingly sophisticated...
✨ Key Highlights
Kenya is intensifying its global efforts to recover billions of shillings in stolen public wealth hidden in offshore accounts, as the nation cannot do it alone. This initiative relies heavily on international cooperation and robust cross-border collaboration to trace and repatriate illicit financial flows.
- EACC Chief Executive Officer Abdi Mohamud stressed the need for international cooperation at the 11th Conference of State Parties to the United Nations Convention Against Corruption (UNCAC) in Doha.
- The Ethics and Anti-Corruption Commission (EACC) collaborates with global institutions like the International Anti-Corruption Coordination Centre (IACCC) and the Basel Institute’s International Centre for Asset Recovery (ICAR).
- Efforts are underway to recover Ksh 106 billion in unclaimed assets, with Ksh 48 billion in cash, as announced by the Unclaimed Financial Assets Authority (UFAA) on November 30, 2025.
- Previous revelations, including the Pandora Papers and a 2025 Financial Reporting Centre report, highlighted Ksh 6.976 trillion in suspicious transactions.
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