Lawyers, employees of accounting firms and trusts holding assets for wealthy people will be required to report suspicious trades and transactions above Sh1 million ($10,000) to a State body set up to fight money-laundering if a new Bill becomes law.
The proposed law demands advocates, state lawyers dealing in properties or notaries, independent legal professionals join the list of non-financial bodies expected to report suspicious dealings and transactions to the Financial Reporting Centre (FRC).
