Kenya: Growing Threat of Money Laundering

4 July 2011

By Macharia Kihuro

Nairobi — Money laundering continues to wreak havoc in the world's financial system and Kenya is no exception.

But recent claims by Transparency International that some Kenyans have stashed in foreign accounts proceeds of crime, drugs and money laundering in excess of Sh700 billion paints an ominous picture.

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