Foreign donors should consider halting development assistance to Kenya unless it enforces its anti-money laundering laws and stems the flow of dirty money, experts in corruption and illicit finance said on Wednesday.
In an online discussion with Thomson Reuters Foundation, three experts said that the government's plans to build an international financial centre in Nairobi before it has a well-functioning financial regulatory system in place risks turning the east African hub into a major haven for laundering corrupt money.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article