Financial crimes rise worries experts

Programme Manager at Organisation for Economic Cooperation and Development (OECD) Juergen Leske (centre) and OECD Commissioner David Yego brief journalists at the opening of a two-week training on tax and financial crime investigations at the Kenya School of Monetary Studies in Nairobi on Monday. [Elvis Ogina, Standard]

Investigators of tax fraud and related financial crimes have gone back to class as they step up the war on the illicit practices.

The crimes are estimated to cost the debt-ridden African continent more than $50 billion (Sh5 trillion) annually.