Kenya proposes Bill with tough fines for corruption

NAIROBI: The Government has published new anti-graft laws targeting financial institutions and other entities likely to benefit from the proceeds of corruption.

Threatened with the possibility that the fight against corruption could slowly be losing momentum, the Jubilee administration has repealed the Proceeds of Crime and Anti-Money Laundering Act, 2012, in a move that could give room to freezing of 'dirty' property, and the de-registration of institutions and businesses that engage or assist in the commission of economic crimes.