Evaluating Anti-Money Laundering Initiatives: A Country Perspective 1

Abstract

Kenya faces a number of challenges in countering anti-money laundering (AML) activities and developing appropriate policy measures to avert and contain the adverse socioeconomic consequences of money laundering. Through textual documentation, direct observation and semi-structured interviews, this article outlines the findings of a study about the awareness and attitudes of key Kenyan stakeholder groups towards recent anti-money laundering legislation. Invoking Brown, Tower and Taplin's (2004) typology of financially classified stakeholder groups, this study finds that the proposed anti-money laundering legislation raises a number of diverse views on Kenyan AML initiatives that makes carrying out the results of an evaluation of the AML legislation highly problematic.

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