JUNE 19 2017
Parliament has ratified Rwanda’s membership of the Eastern and Southern Africa Anti-Money Laundering Group. Money laundering involves crafting the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, have originated from a legitimate source. By joining the body that comprises 19 African countries and 19 international partners, including UK, US, World Bank and International Monetary Fund, Rwanda seeks to increase preparedness against the vice.