EDITORIAL: Let MPs not tinker with banking laws - News Summed Up

EDITORIAL: Let MPs not tinker with banking laws


As Dr Njoroge clearly told the MPs, more than 99 per cent of all bank accounts in Kenya have less than a million shillings — meaning MPs cannot purport to be pursuing a public interest in the matter. By EDITORIALMore by this AuthorParliament’s push to remove all the checks that Kenya has over the years established against illicit financial flows, money laundering and financiers of terrorism is not only absurd but grossly discomforting. Particularly troubling for the MPs is the demand that they must take a few minutes to fill forms whenever they want to move millions of shillings through the banking system. First, there is the matter of public interest. As Dr Njoroge clearly told the MPs, more than 99 per cent of all bank accounts in Kenya have less than a million shillings — meaning MPs cannot purport to be pursuing a public interest in the matter.


Source: Daily Nation February 26, 2019 22:07 UTC



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