Kenya wants to trace illegal money (from pirates) on its territory

(BRUSSELS2) Too much illegal money enters Kenya. According to the latest report published by the Kenyan central bank, the balance of payments shows an unexplained amount of 164 billion Kenyan shillings (about 1,65 billion euros or $2 billion). An unexplained influx which would be the consequence of money laundering from criminal activities, in particular Somali pirates, according to our Kenyan colleagues from Daily Nation. These sums cause upheavals in the Kenyan economy, in particular by very rapidly increasing the price of real estate. The government therefore announced on Sunday the establishment of a special investigation team, made up of experts from the Central Bank and the national statistics office. They will be responsible for conducting a new study on informal trade movements" at the borders.

(NVP)