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{
    "id": 124113,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/124113/?format=api",
    "text_counter": 301,
    "type": "speech",
    "speaker_name": "Mr. Duale",
    "speaker_title": "The Assistant Minister for Livestock Development",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": " Madam Temporary Deputy Speaker, I rise to support this Bill. As hon. Kimunya said, this Bill came to this House several times with a lot of suspicion. But I want to say that it is a good homegrown piece of legislation. It is coming at a time when we must be part of the global financial system. Madam Temporary Deputy Speaker, this Bill comes as a result of something called integration. The process by which criminal money ultimately becomes or is absorbed into the economy is the issue we need to discuss in this Bill. Criminal investigations lead to money laundering. So, how do we address that? Madam Temporary Deputy Speaker, this country must have legislation that will come as a result of criminal investigations by security agents, which are likely to be disclosed. There are three ways under this Bill that money laundering can be a reality. The first one is placement; where criminal money gets into any financial system. Billions will go into our banking system and that placement itself is money laundering. Then, there is layering, which is a process of moving money from one institution, area or side of the country or global system to the other. That itself, again, is the process of money laundering. The last one is integration where, again, after the first two systems, the money becomes part of the economy. So, money laundering is real. Madam Temporary Deputy Speaker, I want to say it here very clearly that the Bills we are going to pass in this House are not meant for particular communities, and the law is very clear. We must live as a nation and respect the laws that we create. If every community represented in this House will oppose a law, then where are we heading to? Madam Temporary Deputy Speaker, many people, including the Rt. Hon. Prime Minister alluded that there is some money laundering by some particular communities, through other systems and that the property being bought in South C and Eastleigh---"
}