How Money Laundering affect our Country Kenya

Money laundering can be summarized in three words; Bribery, Corruption and Fraud. The difference of these three words is almost nil. Kenya's vulnerability to money laundering is fast rising with the complex mobile payments pioneering in the country. 

Kenya ranks badly in the Corruption Index (Transparency International & W.G.I.) making the country lose out as a preferred investment destination. However, Kenya is a transit hub for major import goods enroute to landlocked East African countries such as Uganda, South Sudan, Rwanda, Burundi. Sadly, it is also a transit point for ivory smuggled, illicit drugs enroute to Europe or Asia.