APRM • SECOND COUNTRY REVIEW REPORT OF THE REPUBLIC OF KENYA
4.6.3 Recommendations of the Panel
381.
The Panel recommends the following:
i)
The capacity of investigators needs to be enhanced to ensure that they have the requisite
skills to fight money laundering. There is need for proper coordination between law
enforcement agencies and the Financial Reporting Centre to ensure success in their
investigative efforts. (Office of the Attorney General, EACC)
ii) The Government needs to continue to sensitise the general public on the dangers of
money laundering and strengthen anti-money laundering compliance. (Office of the
Attorney General, EACC)
iii) The Government needs to develop a robust mechanism for collecting and maintaining
comprehensive statistics on investigations, prosecutions and convictions related to
money laundering. (Office of the Attorney General, EACC)
iv) Data on cases of money laundering need to be compiled and published quarterly and
annually by the Ethics and Anti-Corruption Commission. (Office of the Attorney General
and the EACC)
v) The Government is advised to fully implement the recommendations of the Task Force
on the Review of Legal, Policy and Institutional Framework for Fighting Corruption in
Kenya. For effectiveness, there is need to prioritize by classifying the recommendations
into short run and long-term implementation plans (Office of the Attorney General).
4.7
OBJECTIVE FIVE: ACCELERATE REGIONAL INTEGRATION BY PARTICIPATING
IN THE HARMONISATION OF MONETARY, TRADE AND INVESTMENT POLICIES
AMONG THE PARTICIPATING STATES
4.7.1
Summary of the Country Self-Assessment (CSAR)
382.
The CSAR states that Kenya is a member of the East African Community, the Common
Market for Eastern and Southern Africa (COMESA), the Inter-Governmental Authority on
Development (IGAD) and part of the twenty-six (26) countries negotiating the COMESAEAC and Southern Africa Development Community (SADC) Tripartite Free Trade Area
that has market Integration, infrastructural and industrial development as its major planks.
In the CSAR, there was a discussion of the measures being taken to promote regional
integration. Some of the instruments include infrastructural development (e.g., the Lake
Victoria development programme), trade liberalisation programme involving reduced
tariffs, elimination of exchange rate controls and non-trade barriers (NTBs), harmonisation
of payments system with EAC states, and the implementation of the EAC regional
Competition Policy and Law, and regional initiatives to harmonise banking supervision.
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