Kenya has long been known to the world, or at least to Africa as a hub for money laundering and illicit financial flow. Observers attributed this decadence to Kenya’s weak financial systems and widespread corruption.
Those in the illegal business have taken advantage of these weak laws to find their way out in the dirty deals. It is not surprising that a country which recently changed its currency is yet and unable to account for about Sh7 billion which analysts believe to have already been moved out of the country.
During the protracted war in Sudan and the Democratic Republic of Congo (DRC), it was in Kenya that most Sudanese tycoons from North and South sought asylum, a move that saw an influx of illegal money and gold.
Somali community businessmen are among the richest of all settlers. They have taken advantage of our weak systems to perfect money laundering. The Ethiopians are not excluded. Blood diamonds have also infiltrated the space of the state. Non-Certified diamonds and other mineral resources including gold to a large extent. All these point to one thing, how foreigners have taken advantage of our corrupt system to conduct illegal businesses.
People with connections in high places in Kenya are in the secretive business with a DRC warlord and late president Laurent Kabila's kin in her forties is said to have recently flown in the country with Sh600 million with the help of highly-connected individuals.
Kabila’s kin is said to have moved in with so much money and is using local connections to get the money out of Kenya.
Apart from monumental corruption in her country of origin, there is no way a woman in her mid-forties can legitimately acquire such stupendous wealth.
It is shameful that Kenya has become a haven for money launderers and other illegal businesses in Eastern Central Africa.
Kenya as we know today has become a transit point for financial illicit flow. The local and responsible agencies fold their arms and oftentimes connive with unscrupulous politicians to rape their various countries of both natural and financial resources.
These proceed of corruption one way or the other find their way into Kenya, where they are laundered onward to other countries through the organised role of both local and foreign individuals.
