Kenya like other developing economies is quite vulnerable to money laundering and terrorism financing due to a number of displacement factors; key amongst them being a high volume of cash based transactions, lack of an adequate legal framework and the existence of alternative remittance avenues.
Mario Draghi: Laudatio for Theo Waigel Speech by Mr Mario Draghi, President of the European Central Bank, in honour of Dr Theodor Waigel, at SignsAwards, Munich, 17 June 2016.