In a recent development, the office of the Data Protection Commissioner in Kenya made a significant press release in September 2023, announcing the issuance of three penalty notices, collectively totaling KES 9,375,000. These penalties reflect the growing importance of data protection in today’s digital age.
In the age of digital transformation, data has become the lifeblood of modern economics. However, the collection, storage, and use of personal data come with inherent risks to individual privacy and data security. To address these concerns, many countries have enacted data protection laws aimed at regulating the processing of personal data.
The Finance Bill, 2023 (the “Bill”) aims at expanding the tax base of the Government of Kenya. The Bill has attracted nationwide interest as the Government seeks to increase taxes collected in view of the prevailing economic circumstances. The Bill is the most comprehensive Finance Bill yet, and proposes a raft of changes, as highlighted below.
The United States of America state department in 2014 categorised Kenya as safe haven for money laundering in Africa. The actual words were: “Kenya is categorised as a Jurisdiction/ country of primary concern in respect of money laundering and financial crimes1.” Despite Parliament having enacted the Proceeds of Crime and Anti-Money Laundering Act No. 9 of 2009 (POCAMLA)2, the same appeared to have had little effect on its intended objectives.