{"id":54991,"date":"2025-07-23T16:07:25","date_gmt":"2025-07-23T16:07:25","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-confiscates-over-frw-780-billion-in-money-laundering-cases-over-a-five\/"},"modified":"2025-07-24T19:49:25","modified_gmt":"2025-07-24T19:49:25","slug":"rwanda-confiscates-over-frw-780-billion-in-money-laundering-cases-over-a-five","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-confiscates-over-frw-780-billion-in-money-laundering-cases-over-a-five\/","title":{"rendered":"Frw 780 million seized in Rwanda\u2019s five-year crackdown on money\u00a0laundering"},"content":{"rendered":"

The report identifies embezzlement, fraud, tax crimes, and cybercrime as the primary predicate offenses generating high amounts of illicit proceeds.<\/p>\n

Embezzlement alone accounted for 39% of the total criminal proceeds, followed by fraud (24%), tax crimes (20%), and cybercrime (13%).<\/p>\n

These crimes were found to be the main drivers behind money laundering cases in the country.<\/p>\n

During the five-year assessment period, 44 money laundering cases were investigated, with 42 cases prosecuted and 9 resulting in convictions.<\/p>\n

The total value of assets confiscated during these proceedings reached Frw 780,934,906.<\/p>\n

While Rwanda\u2019s legal framework has significantly evolved\u2014including the recent enactment of Law No. 001\/2025 on the Prevention and Punishment of Money Laundering and Terrorism Financing\u2014the report highlights key enforcement gaps.<\/p>\n

These include limited investigative resources, weaknesses in asset recovery processes, and inconsistent application of penalties.<\/p>\n

Additionally, the report confirms that the overall national money laundering risk remains at a medium level, driven by both increasing threats and institutional vulnerabilities.<\/p>\n

Efforts in detection, prosecution, supervision, and international cooperation, especially in real estate and banking sectors, have improved the country\u2019s response capacity.<\/p>\n

Under the current law, anyone found guilty of money laundering faces 10 to 15 years in prison and a fine of three to five times the value of the laundered funds.<\/p>\n

Aiding others to benefit from such funds or financing terrorism carries the same penalties.<\/p>\n

\"Rwanda<\/figure>\n","protected":false},"excerpt":{"rendered":"

Rwanda has confiscated over Frw 780 million linked to money laundering activities between July 2019 and June 2024, according to the 2024 National Money Laundering and Terrorist Financing Risk Assessment Report.<\/p>\n","protected":false},"author":62,"featured_media":2000091370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-54991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000091370,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/stock-video-rwanda-money-rwandan-francs-pack-loop-animation-loopable-seamless-concept-8c68e.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=54991"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000091370"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=54991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=54991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=54991"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=54991"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=54991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}