a) Discuss the reasons for increased global financial innovations in the recent past. (10 Marks) B) Money laundering is the processing of criminal proceeds to disguise their illegal origin. If undertaken successfully, it allows criminals to maintain control over illicit funds and, ultimately, to provide a legitimate cover for their source of income. Required: Discuss the measures implemented by the central bank to curb the cases of money laundering in the country. (10 Marks) QUESTION TWO (15 MARKS) a) Highlight the factors responsible for the rapid growth of financial institutions in Kenya. (5 Marks) b) Despite the large investments in the stock exchange and various government incentives, only a few companies are listed at the stock exchange of the three East Africa countries. This was the opening remarks by the guest speaker in a seminar whose theme was "Developing our capital market" Required 1) The advantages of being listed at stock exchange ( 5 marks) 2) Highlight four factors that may hinder companies from being listed at the stock ( 5 marks) QUESTION THREE (15 MARKS) a) Explain FIVE instruments of monetary policy used by the Central Bank of Kenya and their effectiveness in achieving monetary policy objectives (10 Marks) b) What are the advantages of adopting the CDS