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Kenya has moved to make it easier for the government to recover proceeds of money laundering.

The government, through the National Treasury and the Assets Recovery Agency, has drafted a law on recovering proceeds from money laundering.

Business24

“The National Treasury has finalized preparing the Proceeds of Crime and Anti-Money Laundering (Criminal Assets Recovery Fund) (Administration) Regulations in 2019,” principal secretary Julius Muia said Tuesday.

Under the proposed law, the government seeks to create a Criminal Assets Recovery Fund where property and money seized will be administered.

Muia asked Kenyans to provide their input by Sept. 25 as the government seeks to strengthen the law.

Kenya has in the past months prosecuted high-profile individuals, including a cabinet secretary, in renewed fight against corruption and money laundering. Enditem

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