KAM, KMJA launch Business Guide on Anti-Corruption and Economic Crimes Laws in Kenya
- KAM has had a long-standing partnership with the judiciary having collaborated on various initiatives.
- The Business Guide simplifies the legal framework governing anti-corruption and economic crimes in Kenya and provides a powerful tool for judicial officers and businesses in combating the vice of corruption.
Kenya Association of Manufacturers (KAM) and Kenya Magistrates and Judges Association (KMJA) have launched the Business Guide on Anti-Corruption and Economic Crimes Law in Kenya.
The Business Guide simplifies the legal framework governing anti-corruption and economic crimes in Kenya and provides a powerful tool for judicial officers and businesses in combating the vice of corruption.
Speaking at the launch, the Chief Justice and President of the Supreme Court of Kenya, Hon. Lady Justice Martha K. Koome, EGH noted that the fight against corruption must go beyond government efforts and be embraced by all sectors, particularly the business community.
“This Business Guide on Anti-Corruption and Economic Crimes Law in Kenya represents the fruition of a collaboration between the Kenya Magistrates and Judges Association and the Kenya Association of Manufacturers, demonstrating how partnerships between the Judiciary and the private sector can produce tools that serve to strengthen our justice system,” added Hon Lady Justice Koome, EGH.
She further added that the Guide will support entrepreneurs navigate legal compliance challenges. “The Guide demystifies the legal frameworks governing anti-corruption and economic crimes, offering accessible insights into the Anti-Corruption and Economic Crimes Act, the Proceeds of Crime and Anti-Money Laundering Act, and other relevant laws. In doing so, it becomes a resource for business owners—particularly small and medium enterprises (SMEs) and entrepreneurs—who may find the complexities of legal compliance daunting. This Guidebook empowers them with knowledge to navigate these challenges, avoid legal pitfalls, and foster a culture of ethical business practices,” expounded Hon Lady Justice Koome, EGH.
Also at the launch, KAM Ag. Chief Executive Officer, Mr Tobias Alando, noted corruption and economic crimes present significant challenges not just for individual organizations but also entire industries and economies.
“Corruption increases the cost of doing business, through the unnecessary hurdles experienced when acquiring licenses and other key services from the government and other key institutions. This reduces investor confidence, by both local and international investors.
Kenya has a robust legal and regulatory framework, that if fully implemented, will elevate Kenya to be one of the least corrupt countries in the world. The guide is an invaluable resource for businesses seeking to navigate the complex regulatory landscape while upholding integrity and compliance,” added Mr Alando.
KAM has had a long-standing partnership with the judiciary having collaborated on various initiatives. These include:
- The development of the Commercial Law Guidebook which provides a simplified understanding of the judicial process governing commercial disputes.
- The development of the Guidebook on Company and Corporate Insolvency Law, which condensed the Companies Act 2015 and Insolvency Act 2015 into user friendly quick reference material for judges and judicial officers dealing with commercial and corporate law disputes.
- A member of the Business Court Users Committee that aims to push for better service delivery by the Commercial Division of the Milimani Court. The Court was formed to handle business disputes.