Prime

Kenyan president signs anti-money laundering Bill to law

Kenya's President Uhuru Kenyatta signs a past Bill into law at State House, Nairobi. FILE PHOTO | PSCU 

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.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

  2. Ethiopia, Sudan junta bicker again over RSF support claims

  3. East Africa’s oil rivalry is missing the bigger energy security question

  4. PRIME Why US proposal to expand Sudan arms embargo is stirring debate

Latest

  1. PRIME IMF, World Bank overhaul debt rules for African economies

  2. PRIME What awaits Ugandan troops in Gaza demilitarisation plan

  3. PRIME Scramble on for $62bn rare earths, niobium in Kenya’s Mrima Hill

  4. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

In the headlines

View All