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"id": 124088,
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"type": "speech",
"speaker_name": "Mr. Kimunya",
"speaker_title": "The Minister for Trade",
"speaker": {
"id": 174,
"legal_name": "Amos Muhinga Kimunya",
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"content": " Madam Temporary Deputy Speaker, thank you for this opportunity to support this very important Bill on control on money laundering activities. By the very name, money laundering, we are basically talking of taking dirty money to the laundry to clean it and pretend it is clean money. That is basically what money laundering is. Hence, the first thing we need to be clear about as a House is that there can never be any dirty money that comes from any good intentions. I believe that even when arguments have been made; that bringing anti-money laundering legislation will affect people of certain faiths, that it will be anti-Muslim, I have been assured by Muslim colleagues that Muslim as a religion, does not condone theft at all or use of dirty money. Hence, cleaning of dirty money should not be seen in the light of any religion. Nobody would be supporting that. Madam Temporary Deputy Speaker, I also want to mention that this Bill is perhaps the most discussed Bill in this House. This is the fourth time it is coming here. I have had the honour and privilege of presenting it twice and taking it all the way to await House Committee stage. Just because of technical hitches, it either lapsed because the House went on recess or some other reason. There has been total agreement on this Bill. Indeed, I would be surprised if this House does not pass it in record time today or very soon hereafter. This House has been very clear, categorical and very vocal on issues of corruption. However, when we now look at the fundamental Bill that would sort out corruption in this country once and for all, I would have expected the House to be full as a signal that this House is clear on fighting corruption. Corruption only thrives if somebody who has taken away money through corrupt means has an avenue for cleaning it and hiding it; then it comes back into the economy as clean money. There is only one way of discouraging people from being corrupt in the first instance by denying them the route to channel the ill gotten wealth, clean it and bring it back to the economy as if it was good money. That is, stopping the laundering of ill gotten wealth. This Bill has been about that. However, it will be good to see how many Members of Parliament would stand up and say: âI want to be counted as having supported efforts to sort out corruptionâ. This can be done by cleaning up the avenues where people who have taken it through corruption and eventually end up making it look as if it was money from clean operations."
}