MARCH 3 2017
Kenya’s President Uhuru Kenyatta has signed into law the anti-money laundering Bill, keen on introducing tougher action against individuals guilty of economic crimes.
The Proceeds of Crime and Anti-Money Laundering (Amendment) Act, 2017, imposes stiff penalties on those found culpable in addition to identification, tracing, freezing, seizure and confiscation of the proceeds of crime.