June 23 2019
Options are fast running out for corrupt individuals racing against time to clean their dirty money as the government intensifies the crackdown on ill-gotten wealth.
This comes on the back of Thursday’s announcement by the Central Bank of Kenya that the October 1 deadline to replace old Sh1,000 banknotes will not be extended.
After weeks of what appeared to be dirty tricks to exchange huge amounts of money by a few individuals and their agents, multiple sources revealed to the Sunday Nation that several local banks, saccos and micro-finance companies had been forced to seal loopholes that have been exploited by those seeking to inject their ill-gotten wealth into the financial system.