Moses Kuria Reveals Government Plan to Monitor Mobile Money Transactions
Former Trade Cabinet Secretary Moses Kuria has disclosed that the government is advancing a plan to closely monitor mobile money transactions, aiming to strengthen financial transparency and combat illicit activities. Speaking publicly about the plan, Kuria explained that it would involve enhanced scrutiny of mobile transactions to address issues such as fraud, money laundering, and other financial crimes that have escalated alongside the rise of mobile money services in Kenya.
Kuria noted that the strategy is designed to focus on high-risk or suspicious transactions rather than infringing on the privacy of everyday users. He emphasized that the monitoring measures align with the government’s broader efforts to create a secure financial environment. Although he is no longer in office, Kuria shared insights into the anticipated collaboration between financial institutions and mobile service providers to ensure the system functions effectively.
While this revelation has sparked concerns about potential privacy issues, Kuria reassured Kenyans that the government’s primary goal is to protect citizens from financial exploitation and to strengthen the nation’s economic integrity. With mobile money remaining a vital part of the Kenyan economy, the initiative underscores the government’s commitment to securing the platform for users across the country.
Moses Kuria Reveals Government Plan to Monitor Mobile Money Transactions
