Introduction Within the contemporary world’s unstable political and economic landscape, individuals and organisations with evil or hostile intents try to create financial schemes and confusion to destabilise the International Commonwealth further locally or globally. Therefore, anti-money laundering policy has widely extended beyond personal beneficiation through theft or plunder of political or private money earned and…
Abstract E-commerce has experienced tremendous growth in recent years especially in developed countries. However, the sector is still nascent in developing countries like Kenya where it is encumbered by the lack of an e-commerce culture and trust in such transactions. The problem is compounded by the lack of comprehensive legal and tax provisions in Kenyan…
Introduction Good governance and good management require careful attention to internal and external risks. This session will provide an overview of risks arising from money laundering, terrorism and bribery in capital markets and pension schemes. Capital market development is an important component of financial sector development and supplements the role of the banking system in…
Introduction Public finance is a field of economics concerned with how governments raise money, how governments spend that money and the effect of these activities on the economy and the society. Chapter 2 of the Constitution of Kenya, 2010 provides for public finance, which is seen as a national resource geared towards sustainable funding for…
Abstract In the year 2015, Kenya made great changes especially the legislation of insolvency in the country. The alterations that were made are purely based on consolidating relevant rules and regulations that concern the matters of individual and corporate insolvency in depth. The insolvency legislation made two major changes i.e., procedure about individual and corporate…
On February 6, 2015 the High Court of Kenya decided that the Ethics & Anti- Corruption Commission is not barred by law from Prosecuting corruption cases in the case of Stephen Mburu Ndiba v EACC and DPP Miscellaneous Civil Application No. 20 of 2014. For the full judgement see http://kenyalaw.org/caselaw/cases/view/109064/
Enforcement of Money Judgments in Kenya by B M Musau & Company, Advocates I. PRESENT ATTITUDE TOWARD ENFORCEMENT OF FOREIGN MONEY JUDGMENTS I. PRESENT ATTITUDE TOWARD ENFORCEMENT OF FOREIGN MONEY JUDGMENTS A. Describe the receptiveness of your government (including courts) toward enforcement of foreign money judgments. Courts in Kenya will enforce foreign money judgments in…
Attachment of Assets in Kenya by B M Musau & Company, Advocates 1. What is the general nature and effect of judicial measures available for plaintiffs to obtain provisional relief affecting property of debtors to obtain security for judgments to be obtained (“attachments”)? Freezing property in place? Placing it in the custody of…
Government of Kenya Final Report of the Working Committee on Regulatory Reforms for Business Activity in Kenya Review of Business Licenses and Fees in Kenya Submitted to the Minister for Finance and the Minister for Trade and Industry By The Working Committee on Regulatory Reforms for Business Activity in Kenya Chair: Ben Musau, Advocate…
International Compliance Development of Wealth Management and AML/Compliance Lectures By: Benjamin M Musau Wealth Management and AML/Compliance Lectures This article constructs a course on Wealth Management and AML in New York City. You have been hired to speak by yourself for three (3) hours in the morning and three (3) hours in the afternoon….