Money laundering a threat to the economy

Criminals will always look for new ways to not only conceal their ill-earned cash, but also always seek to legitimise it so that they can eventually spend it without looking over their shoulders. Because of the big amounts of money involved in crime, cartels have crafted new and sophisticated ways of ‘washing’ their money, turning the process into intricate international money laundering networks.

Kenya has not been spared as a destination, and conduit for dirty money.