Home National State to freeze suspect deals without court nod

State to freeze suspect deals without court nod

kenya parliament, national assembly
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Business Daily | by John Mutua


The State will have powers to seize property and freeze transactions deemed suspicious if Parliament adopts proposed changes to the law aimed at stepping up the war on money laundering.

Amendments to the Proceeds of Crime and Anti-Money Laundering Act will give the Financial Reporting Centre (FRC) powers to stop the…

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