Money laundering and the legal framework governing economic crime in East Africa

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Kampala International University; School of Law
In East Africa, the idea of economic c1ime is a new concept in the legal perspective and has only been recently embraced in the 21" Century. Practically however, economic crimes, and more specifically money laundering, have been taking place for centuries. Among others, weak and poor legal systems and reluctance to enforce the laws has led to the growth of this type of crime. The end result is that East Africa has become a huge hub for illegal drugs, illegal arms and most recently terrorism. The biggest aim of this study was to highlight the weaknesses in the anti-money laundering laws in Kenya, Uganda and Tanzania and to propose what the three East African nations should do to curb this vice. The study sheds light on the history, trends and typologies of money laundering in East Africa; the legal and regulatory framework governing money laundering in East Africa; the effects on the different sectors in the economy and what the law- makers and law enforcers ought to do to either reduce or completely eradicate money laundering and other economic crimes.
A dissertation submitted in partial fulfillment of the requirements for the Award of the Degree of Bachelor of Laws of Kampala International University.
Money laundering, Legal framework, Economic crime, East Africa