The Money Laundering Phenomenon: Preventive Legal Measures And Practical Problems Of Implementation. A Study Of Kenya.

Money laundering is a global phenomenon. Globalization and technology have resulted in an increase in international commerce, capital flows and the movement of goods and services across borders. Such factors have also increased opportunities to launder money and reintegratethe proceeds of crimes into the legitimate economy, in response to such developments as well to perceive threats to the national economies. Although Kenya recently enacted a legislation to combat money laundering, it has not really served the intended purpose bringing worries about this malaise which is yet to reduce. It is …