Flutterwave, one of Africa’s largest financial technology platforms, says that Kenyan authorities’ allegations of money laundering and corruption levelled against it are false.

“Claims of financial improprieties involving the company in Kenya are entirely false, and we have the records to verify this,” Flutterwave said in a statement made available to Peoples Gazette on Thursday.

The fintech firm stated that it adhered to the highest regulatory standards while conducting business in Kenya and generated income through transaction fees.

The Gazette had earlier reported that Kenyan authorities froze the financial assets of Flutterwave after filing criminal charges against the pan-African payment solutions firm.

Further disproving the allegations, said, “Our anti-money laundering (AML) practices and operations are regularly audited by one of the big four firms. We remain proactive in our engagements with regulatory bodies to continue to stay compliant.”

The firm was accused of suspicious transactions and failing to comply with financial regulations in Kenya, The Star in Nairobi reported, adding that Flutterwave was one of about seven firms ensnared in an indictment that came down on Wednesday.

According to the indictment published by The Star on Wednesday, Flutterwave boss Gbenga Agboola carried out shady transactions totalling $101 million ($12 billion in Kenyan shillings) before authorities became aware of his antics.

The Kenyan daily also claimed that Mr Agboola and his associates in Nairobi operated covertly to take advantage of the nation’s banking system, making roughly 185 online card payments using the same identifying number.

However, Mr Agboola implied that the accusations were politically driven in a text message he had earlier provided to The Gazette.