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{
    "id": 1278823,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1278823/?format=api",
    "text_counter": 224,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr) Ojiambo Oundo",
    "speaker": null,
    "content": " Thank you for this opportunity to contribute to the Bill. If you look at the memorandum of objects and reasons, the Bill seeks to amend various Acts of Parliament relating to anti-money laundering, countering the financing of terrorism and countering the financing of proliferation of weapons of mass destruction, among others. A basic count indicates that about 16 to 17 Acts of Parliament are being amended to align with what the Mover has indicated as addressing issues raised by the peer review. As it is always practice, 16 or 17 Acts of Parliament being amended at one go in one Bill becomes a mouthful. We have always complained here that it becomes difficult to give a thorough review or analysis of such a Bill. Nevertheless, it has been presented. Therefore, we must deal with it. From the outset, let us agree that terrorism and financing terrorism are an existential threat to this country's national security and well-being. That is why, in the wisdom of framers, we came up with the Proceeds of Crime and Anti-Money Laundering Act. It is because terrorism and any acts of violence or threats to national security essentially depend on financing those activities. If you can cut out financing, the threats posed by terrorism and other crimes will be substantially reduced. We will save the country many resources required to protect it. Unfortunately, as I have always said, we have very many laws in this country—very well thought out. We have regulations and mechanisms, but we pride ourselves in hate speech, war-mongering, and talking public relations. We do not go to the extent of implementing the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}