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{
    "id": 680805,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/680805/?format=api",
    "text_counter": 135,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "on in the financial sector. All the money that moves in the financial sector in our country can now be monitored. This Parliament and previous Parliament created specific legislation. Today, as a country, we are proud of the Financial Reporting Centre, the Asset Recovery Centre and the Anti-Money Laundering Advisory Board. Do these institutions, which look at the movement of money and proceeds, have any disclosure or information on the kind of money that moves within these betting and gambling institutions? No, they do not. We must have regulations. The other problem is money laundering, terrorism and drug financing. We have put in place stringent regulations and created institutions that will look at how money, whether it is corruption, drug or terrorism, moves within the financial sector in our country. There is a likelihood that the source of the betting proceedings, which I call proceeds of crime until and unless the relevant institutions say otherwise, can be traced. That is why the stakeholders in this business are Kenyans. We are under obligation to protect the taxes Kenyans pay and make sure that Kenya is not used as a conduit for money laundering, drug and terrorism financing. The 60 days for this Committee is too long. This is a matter that can be completed within 14 or 21 days and a report is brought back to this House. The report before the House will be used to create very strong regulations and legislative mechanisms to protect the people of Kenya, regulate this industry and make it one of the industries that can earn the Exchequer more revenue. As we near the end of the term of this Parliament in a year’s time, CORD has woken up. They have decided to analyse what ails the people of Kenya. We expect Hon. Jakoyo Midiwo and his leader, Hon. Nyenze, to table more Coalition-sponsored Motions like this one that takes care of the people of Kenya. They have spent more time politicking outside and forgot about what kind of Motions and Bills to table. They have never tabled any Bill but, at least, now we have a Coalition-sponsored Motion. As the Leader of the Majority Party, I had no obligation to oppose a Coalition-sponsored Motion. The Leader of the Minority Party is asking whether he was consulted. He rarely comes to the HBC. He is always represented by Hon. Jakoyo Midiwo and the Chief Whip of the Minority Party. He should, please, come back to the HBC. He has not been there for the last six months. This shows how CORD is in disarray. The Leader of the Minority Party is opposing a Motion signed by his deputy. This is good because you will be like this during the elections. You will be confused and in tatters and you will lose the elections. I will be very happy if the Leader of the Minority Party disagrees with his Coalition’s Motion. It has never happened anywhere even in the House of Congress. As his counterpart, I urge Hon. Nyenze to come back home. I will be a happy man if the Coalition Motion is defeated and goes back to the Departmental Committee on Finance, Planning and Trade, the Departmental Committee on Administration and National Security or the Departmental Committee on Justice and Legal Affairs, whose Chairs come from my Coalition. I support the Motion in the interest of the people of Kenya. Out there, our clubs have no resources and our country has no stadia yet Sportpesa is giving Kshs6 billion to a club in the United Kingdom (UK). There are a number of questions to be asked when Kenyans are gambling and betting online and a disclosure is not made to the Kenya Revenue Authority (KRA). We do not know how much they should pay. How much was KRA supposed to collect from the Kshs6 billion given to Hull City? For once, I support the CORD sponsored Motion. 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."
}