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{
    "id": 1511208,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1511208/?format=api",
    "text_counter": 284,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": "requirements for banking industries and ensuring that this is maintained, we are essentially protecting the consumer, who is the ultimate beneficiary of this particular financial space. As I conclude so that I give other members an opportunity, I just want to say that, in essence, what this particular law will assist in - and I am specifically talking about Clauses 2 to 19 - is that it will prevent a lot of fraud issues that we are having, mismanagement of funds, and money laundering, which is also one of the issues that are really at a high, including monitoring operations. This is especially true for the local banks because I know international banks comply with the laws of the country they are based in or their mother country, whichever is most stringent. Ideally, we should also ensure that we adhere to the global standards that have been put out there for financial institutions. So, I want to support this particular Bill and urge Hon. Members also to support it because, as a House, we are seeking to, at the tail end of this, protect the consumers who are the Kenyans that we actually serve. I submit."
}