Anti Money Laundering Network
Money laundering is the term used to describe the process by which criminals make money which has been acquired as result of criminal activity and it appear to have been lawfully acquired. One characteristic of money laundering is that the processes are typically complex and by design hard to trace. The most common types of criminals that would need to launder money are drug traffickers, embezzlers, corrupt politicians and public officials, those involved in organized crime and other, all of whom deal almost exclusively in cash transactions.
Africa with his share of problems looses enormous wealth to embezzlers. A practical example in Kenya is the most recently evidenced by the Kroll report leaked in the media in 2007; the report listed key politicians and what they have kept in other countries. African leaders/Politicians are well know for money laundering, they seek to remove corruptly obtained wealth from their home country and transfer it into offshore accounts as a way of concealing crime and/or their wealth from scrutiny
Getting tough on corruption: The need for an ‘angel of death’  The Constitution of Kenya 2010 entrenches education as a right of every person under Article 43 (1) f. Article 53 (1) b, further recognises that every child has the right to free and compulsory basic education. The function of education therefore has to be fully executed by the government as a constitutional right to Kenyans. Schedule four of the constitution stipulates the different functions to be performed at the different levels of government. Read more... | |
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Do you have confidence that devolution will accelerate socio-economic development at the grass root level?
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