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"id": 681724,
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"type": "speech",
"speaker_name": "Hon. (Eng.) Gumbo",
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"speaker": {
"id": 24,
"legal_name": "Nicholas Gumbo",
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"content": "This Bill has come at the right time to strengthen the Financial Reporting Centre. Let us deal with all institutions within the financial flow cycle. I have seen the penalty of Kshs5 million being put for somebody who is found culpable of engaging in money laundering. The penalty should be more severe. Unless we stop this menace of money laundering, where a few people connive with some people in the Government to take from the economy money meant for public good and convert it to private use, we will leave more of our people behind. It is a known fact that if we leave more people behind, we will increase their chances of taking us down."
}