What is the right perspective?

[Filosofia ya Rorya]

Is there Illicit Money (fedha haramu)?

I met a Chinese Project Engineer stationed in Tz, in our exchange, he wondered as to what is "Illicit Money" He has come across the jargon just here in Africa. Worried if there exists Illicit Money and Clean Money in pursuit of liquidity, the Sino-entrepreneur quizzed me if there is significant difference in the expenditure of the two versions of money. The expert is a Project Engineer in the day time clad in workmanship attire and night time a Chinese Restaurant Waiter outfitted in an apron.

What is your understanding of the Illicit Money (Fedha Haramu)?

 

[KateMiddleton]

Illicit money equals proceeds of crime or Financial benefits from criminal activities

Sheria ya nchi husika ndio itaamua ipi ni crime ipi sio, But nyingi ni common
Mfano:sale of narcotics, theft, corruption,embezzlement of public funds etc

Its all about the source/origin

 

[KateMiddleton]

Anawaza hamna the difference between the two.,is he even serious?
Mbona ukiuza dawa za kulevya kwao unanyongwa?.

 

[Mokaze]

Is there Illicit Money (fedha haramu)?

I met a Chinese Project Engineer stationed in Tz, in our exchange, he wondered as to what is "Illicit Money" He has come across the jargon just here in Africa. Worried if there exists Illicit Money and Clean Money in pursuit of liquidity, the Sino-entrepreneur quizzed me if there is significant difference in the expenditure of the two versions of money. The expert is a Project Engineer in the day time clad in workmanship attire and night a Chinese Restaurant Waiter.

What is your understanding of the Illicit Money (Fedha Haramu)?

All money gained through illegally means is technically termed illicit, it is clean per se but what makes it illicit is the way it was obtained, for instance an illegal child (bastard) borne out of wedlock, he/she per se is an innocent and immaculate but the illegal means through which he/she was born makes him called by the name.😁

 

[Joseph lebai]

Niliwaza ni fedha fake kumbe pesa halali inaweza kuwa haramu, pesa halali kuwa haramu hujaitendea haki.

 

[Filosofia ya Rorya]

But why to the overseas, money is illicit only when it crosses borders into Africa and clean when it enters their countries be it in capital flight form or so . But again, can money be illicit for a country like Somalia, Zim, Afghanistan e.t.c?

 

[Filosofia ya Rorya]

What is the Chagga Perspective of Illicit Money (Fedha Haramu)?

 

[Filosofia ya Rorya]

All money gained through illegally means is technically termed illicit, it is clean per se but what makes it illicit is the way it was obtained, for instance an illegal child (bastard) borne out of wedlock, he/she per se is an innocent and immaculate but the illegal means through which he/she was born makes him called by the name.😁

I concur with your understanding and cement it like this:

Governments of the world should litigate illicit means of obtaining money in-lieu of confiscating and litigating cash (which in nature is legal tender/not illicit). While litigating illicit ways of getting money, the money involved should be left to circulate (under fiscal control) to bolster economies. Let us think Chinese way. Majwala D.O, (2021)

 

[Mokaze]

I concur with your understanding and cement it like this:

Governments of the world should litigate illicit means of obtaining money in-lieu of confiscating and litigating cash (which in nature is legal tender/not illicit). While litigating illicit ways of getting money, the money involved should be left to circulate (under fiscal control) to bolster economies. Let us think Chinese way. Majwala D.O, (2021)

Ofcourse, the money involved in an illegal business doesn't belong to the culprit rather belongs to the government , putting the money into circulation by a culprit is a crime according to law (money laundering) thus it is the government which is supposed to use the money (put it into circulation) instead.