Money laundering Bill kicks up storm in Parliament

A bid to amend the proposed legislation to seal loopholes exploited by firms and individuals to launder money or make suspicious transactions has elicited mixed reactions in the National Assembly.

Although the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill, 2021 sponsored by National Assembly Majority Leader Amos Kimunya sailed through the Second Reading in a charged debate, those opposed raised fundamental issues of its legality.

The MPs questioned the...