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Press Release: Public Petition Regarding Illicit Assets And The Laundering Of Proceeds Of Crime To Tax Havens.

Press Release: Public Petition Regarding Illicit Assets And The  Laundering Of Proceeds Of Crime To Tax Havens.

It is estimated that since 2011 Kenya has been losing an average of Ksh 40 billion every year to illicit financial flows through corruption, tax evasion, and other fraudulent practices that rob the country of required resources for economic growth. The petition has been endorsed by 40 signatories, both individuals, and Civil Society Organisations, all calling for expedited efforts to recover these assets and the need for a well-established mechanism for the use of the repatriated funds.