THE MENACE of MONEY LAUNDERING in the SOCIETY

One issue that is prevalent and attracting wide attention in many countries of the world nowadays is 'money laundering', which is the illegal transfer of money from one country to another, in violation of the immigration rules.

In recent time, cases of money laundering involving leaders of countries and those in government, particularly in Africa have been recorded in both the print and electronic media, which are embarrassing and sources of concern to citizens of those countries. Many are wondering where those people got the money from and why they should behave in such manner more so that such money are tax payers' money, which ought to be for the development of the countries.

To check money laundering, there should be inter cooperation of countries. When an individual brings money that is suspicious to another country, it should not only be rejected but reported to government of the country. Those caught in the act should be arrested, tried and if found guilty convicted to serve as deterrent to others. However, there should not be 'godfatherism'. The law should be allowed to function.

Government should monitor the account of those in power. Regular declaration of assets by those in government would help in achieving this. Workers in International Airports, Seaports and borders should be alive to their responsibilities and ensure that those involved are apprehended and handed over to law enforcement agents for prosecution.