| dc.description.abstract | In Kenya, despite efforts to combat money laundering and promote financial transparency, the
study's primary aim was to examine the factors driving its persistence. This study analyzed the
impact of tax evasion, financial regulations, cross-border trade, and bank failure to detect
suspicious transactions on money laundering. Anchored in theories like the Paradox of
Blackmail, Crying Wolf Theory, Transparency-Stability Theory, and Economic Theory, a
descriptive research design was employed. A target population of 580 respondents from
specific institutions was sampled (n=240). Findings indicated positive associations between
money laundering and tax evasion (β =0.268), financial laws (β =0.026), cross-border trades
(β =0.287), and bank failure to detect suspicious transactions (β =0.136). Recommendations
include bolstering tax enforcement, enhancing financial regulations, fostering cross-border
collaboration, and investing in bank detection capabilities. Future research avenues encompass
in-depth investigations into money laundering schemes, behavioral analysis of money
launderers, and the impact of emerging financial technologies on money laundering practices | en_US |
