Rwanda: Assessing the effectiveness of legal and policy responses to fight Money Laundering

Abstract

Purpose

This paper aims to assess the extent to which Rwanda is prepared to deal with the menace of money laundering, a threat that may well stunt its ambitions to build a strong economy.

Design/methodology/approach

This paper used desktop research based on primary and secondary sources. It is based on a review of relevant conventions laws and policies constituting the anti-money laundering legal regime.

Findings

Rwanda’s responses are not strong enough to curb the ever growing risk of money laundering. Rwandan economic structure may easily accommodate launderers, given the development policies relating to investments positive political will may help to pre-empt the increase in the crime.

Originality/value

Neither academic, editorial or any work whatsoever have been conducted regarding Money Laundering in Rwanda nor has the prosecution ever submitted a case in the courts at least to pave the prosecutorial strategy in the cases of money laundering. This work is of its own and has been reviewed by well-known professors in the domain, namely, Prof Lovell Fernandez, the Director of South African Germany Center for Transnational Criminal Justice.

Citation

Dusabe, F. (2016), "Rwanda: Assessing the effectiveness of legal and policy responses to fight Money Laundering", Journal of Money Laundering Control, Vol. 19 No. 1, pp. 21-31. https://doi.org/10.1108/JMLC-03-2015-0007