Tackling Money Laundering in East and Southern Africa An Overview of Capacity Vol 1
"In the first of this two-volume monograph, Charles Goredema, in a broad overview, presents an outline of factors impacting on the capacity of key sectors of the relevant infrastructure to detect the laundering of tainted money and other illicit proceeds. To some extent the overview assesses their strengths and/or weaknesses against the backdrop of real challenges identified from sub-regional case studies. In Botswana money-laundering control appears to be shared by the police, the Bank of Botswana and the Directorate for Economic Crime and Corruption. Antimoney laundering law is of recent origin in the country. In Chapter 2 of this volume, Kamogediso Mokongwa reviews its enforcement and comments on the perceived capacity of the relevant institutions. In Chapter 3, George Kegoro observes that this will require concerted and co-ordinated action at two levels.At the first level, measures are required to detect and punish economic crime, from which illicit money is derived. The principal sources of proceeds of crime—which include corruption, drug trafficking and violent crime— were identified in an earlier study. Measures to control offences related to these activities will augment whatever control mechanisms are introduced against money laundering in Kenya. Also examined are the measures required at the second level, to address the problem of money laundering directly, as an independent and logical result of economic crime."