In the area of Anti–Money Laundering (AML), Kenya has set out seven key strategic objectives for the proceeds of crime and anti-money laundering prevention. As you may remember, Kenya has signed and ratified all the United Nations Conventions on combating Money Laundering and the Financing of Terrorism. Kenya has also criminalised money laundering under the Narcotics Drugs and Psychotropic Substances (Control) Act No.
Some trends did seem less explicable, such as when the exchange rate fell below 49 US cents in March 2001 and lingered at very low levels for a while.