PayPal Mass-Freezes Kenyan Accounts Amid Tightening AML Compliance
NAIROBI, Kenya, June 4 – PayPal has frozen funds in an unknown number of Kenyan accounts and permanently banned other users after demanding proof of employment, work contracts, bank statements and physical residential addresses as part of tighter anti-money laundering checks. Affected users, including traders, start-ups, creative artists, freelancers and informal fundraisers cannot transfer or…
