Скачать или смотреть Fighting money laundering: President assents to anti-money laundering amendment act

The war on corruption and money laundering has been taken a notch higher with the signing of the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill 2017 by the President into law.


The act introduces measures on combating economic crimes such as freezing and seizure of the proceeds of the vice. Any person who fails to comply with it will be liable to a penalty not exceeding 5 million shillings and 25 million shillings for corporate bodies. For a long time, experts have said that the law has had gaps which enable criminals to materially benefit from theft, even after they complete prison terms.



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