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Masese is expected to face a list of charges touching on both financial and digital crime. Investigators confirmed that he will answer to cases of money laundering, fraud, unauthorised SIM card registration, obtaining money by false pretence, and conspiracy to defraud.
The Centre emphasized that the registration exercise is part of Kenya’s ongoing efforts to combat money laundering, terrorism financing, and proliferation financing, particularly within the fast-growing property market.
At the same time, contributions to retirement schemes jumped by 29 per cent to Sh263.5 billion in 2024, reflecting higher employer and employee remittances under the phased rollout of new NSSF rates.
The Bill, now law seeks to address weaknesses flagged by international financial watchdogs and restore confidence in Kenya’s financial systems.