(PHOTO CREDITS: Courtesy SMART INVESTOR)
Kenya should fix gaping holes in beneficial ownership transparency and anti-money laundering regimes to improve its runaway financial secrecy rankings.
Tax Justice Network says Kenya needs to improve access to beneficial ownership information especially those of private companies that are currently limited.
Experts want enforcement bodies, local tax authority like KRA and financial recovery center given more access to data on beneficiaries of privately owned firms.
