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{
    "id": 879417,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/879417/?format=api",
    "text_counter": 127,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "When I received my mortgage, Barclays Bank asked me to explain where that money was coming from. I told them it was from my employer. Where was it coming from? It was through an RTGS. The people I represent go to livestock markets and they have to carry cash. People from Embu, Mwingi and Nairobi go to the biggest livestock market in Garissa. Traders cannot withdraw money to buy cattle. Citizens who sell their animals cannot deposit money. When you sell your three camels, you are asked where you got the money from. The most fundamental thing I have seen in this country is that this same House, in the10th Parliament, passed the anti- money laundering law. We passed the financing of terrorism legislation. This same House established what is called the Financial Reporting Centre with a Director-General whose business is to report on any illicit, suspicious, drug-related, corruption-related money or money laundering. We have a whole institution and I am sure the Departmental Committee on Finance and National Planning gives them a budget. There is something called “know your customer.” My bank, which I have been banking with for the last 20 years, knows what is going on in my account. So, what the Governor is doing is not even good for a growing economy like Kenya. The victims are the small and medium businesspeople. Those people do business through speculations. They look for the best price in town and they must carry cash. Today, you cannot borrow money from banks. Liquidity in the banks is stifled. Hon. Speaker, I want you to give time to the Chair. Why is the CBK Governor not complying with the Finance Act of 2018? Before I finish…"
}