City lawyer warns parliament over legal battle over money laundering bill


High Court attorney and attorney Peter Wanyama has called on parliament to anticipate a mouth-watering legal duel in court to attempt to amend proposed legislation to address loopholes exploited by businesses and corporations. individuals to launder money or carry out suspicious transactions.

Lawyers outside of parliament and House lawmakers in August once again failed to stop parliament from passing a bill that would require them to start disclosing suspicious financial transactions involving their clients.

Although the Proceeds of Crime and Anti-Money Laundering Bill of 2021, sponsored by National Assembly Majority Leader Amos Kimunya, has passed second reading, Wanyama questioned the constitutionality of the bill and criticized the inclusion of lawyers as reporting persons, arguing that it exposes their confidentiality with clients.

“Parliament, we meet at Court. Remember, I have never lost against Parliament, ”he remarked.

MPs Otiende Amollo (Rarieda), George Murugara (Tharaka), Aden Duale (Garissa Township) Patrick Musimba (Kibwezi West) raised preliminary objections seeking the provisional ruling of President Christopher Omulele (Luanda) on the matter before the mover process.

But supporters, led by Mr Kimunya (Kipipiri) and finance and planning committee chair Gladys Wanga (Homa Bay County), said the bill would strengthen vigilance in the financial sector and tackle problems. loopholes used by money launderers.

As Managing Partner of Manyonge Wanyama & Associates (MWA Advocates), Peter Wanyama is one of the few in the profession who has grown and gained notoriety as a leading lawyer in Kenya the hard way.

He boasts of a decent track record and excellent reputation in successfully handling complex, sensitive and high-tension cases and the well-deserved admiration of his peers and clients for being an “uncommon lawyer. »Throughout his 15 years of legal practice.

The changes will give the Central Bank’s Financial Information Center the power to seize suspicious assets and freeze transactions for five days before investigations without the need for a court order.


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