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{
    "id": 1554496,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1554496/?format=api",
    "text_counter": 350,
    "type": "speech",
    "speaker_name": "Tharaka, UDA",
    "speaker_title": "Hon. George Murugara",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I agree that we are in a state of confusion. That notwithstanding, the Majority Whip has effectively moved the Second Reading of this Bill. This Bill is very important to our economy and the financial transactions of the country because we are part of the international community, which has placed certain obligations on us to ensure that our financial dealings are clean and meet the required international standards. This way, we can avoid being accused of the behaviours typical of lawless mafia states, which do not know how to conduct their business. The Anti-Money Laundering Bill is essential for the country, and this is why JLAC took considerable time to review it. We burnt the midnight oil to examine the entire Bill thoroughly. We aimed to identify what needs to be addressed in the various statutes being amended by this Bill. We tabled a report here yesterday. Each Member should obtain a copy and go through it to understand the proposed amendments fully. It is important to point out that we conducted thorough public participation. Various stakeholders appeared before us and made presentations, which were captured in the Report before the House. We will give a summary of what the Bill is all about because it seeks to amend ten Acts of Parliament which relate to anti-money laundering, combating of terrorism financing and the proliferation Acts regarding monies coming to the country, the deficiencies we have in the Kenyan laws, and what needs to be amended and addressed as a matter of urgency. We know very well that money laundering is an international crime. It is frowned upon and punished by countries when it is detected. You also know that this country does not condone, in any way or support, any acts of terrorism. Kenya forms one of the leading States in ensuring that we do not have any terrorist activities in the country and proliferation acts, which means illegal arms coming into the country for illegal purposes against the good 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."
}