Smouldering Evidence - The Charterhouse Bank Scandal
Smouldering Evidence, AfriCOG’s latest report, examines the Charterhouse Bank Scandal which has received much attention in the media recently and dates back several years......
Money laundering, or the practice of concealing the origins of illegal funds, is a serious crime that aids and abets the commission of other crimes such as corruption, drug trafficking, terrorism, human trafficking and weapons smuggling. Although Kenya finally passed the Anti-Money Laundering Act in 2009 after years of lobbying by civil society and international partners, the government has yet to demonstrate seriousness and commitment in prosecuting this crime. Indeed the government risks falling afoul of the international Financial Action Task Force through its lack of commitment to implementing recommendations to strengthen its anti money laundering regime. This inaction opens the door to Kenya being a haven for various international crimes.
This report is part of a series of studies explaining major corruption cases in order to raise public awareness and knowledge of corruption cases and the measures that can be taken to avoid them and seek accountability for their perpetration. Previously, AfriCOG has published reports on the Maize Scandal and the Triton Oil Scandal. This is in addition to our work documenting the status of implementation of recommendations on major corruption scandals such as the Goldenberg and the Ndungu Commissions of Inquiry. In collaboration with our partners at Kenyans for Peace with Truth and Justice, AfriCOG has also documented and monitored the recommendations of the Waki and Kriegler Commissions.
We do this to contribute to the fight against graft and impunity in order to secure a better future for Kenya.
AfriCOG thanks its Board of Directors and its dedicated team. We are grateful to the UNDP Amkeni Wakenya programme for its support which made the production of this report possible.
Gladwell Otieno
Executive Director
