After the Kenya Revenue Authority nabbed a Kenyan travelling from Burundi, with Kshs. 238M, on suspect of money laundering, the High Court has ordered the freezing of the money.

High Court judge Esther Maina ordered the money be frozen for 90 days, following an application by Assets Recovery Agency (ARA).

Documents filed in court show that export entry had been lodged from Kenya to UK with the sender for the $2 million indicated as Brinks Kenya ltd while the recipient was indicated as Brinks Global Services UK.
ARA said the money originated from Bujumbura, Burundi and destined for Kenya but was intercepted as the traveller tried to ship it to London, without being declared.

The agency says the deliberate failure of failing to declare the funds, and attempting to reship it to the UK through the cargo point, depicts money scheme conducted to conceal the beneficiaries, origin and source.
The traveller, Andrew Kipkemboi, was intercepted at JKIA with the parcel containing the money. With the seizure of the Sh238 million from the Kenyan, the ARA will have in its accounts a total of Sh448 million, seized from the two foreigners and the Kenyan.

Section 12 (1) of the Proceeds of Crime and Anti-Money Laundering Act requires a person to declare any amount above $10,000 (about over Sh1 million) at the port of entry.

The US government has in the past put Kenya on the list of global hotspots for money laundering, citing insufficient controls on the circulation of dirty cash and the lack of laws against terrorism financing.

The Multi-Agency approach to fight corruption and economic crimes has allowed the agencies to work in synergy and support the government in their operations in other sectors.

Leave a Reply

Your email address will not be published.