@StandardMedia

Banks to appoint money laundering officer in new CBK rules

14 days ago, 23:18

By: Patrick Alushula

Central Bank of Kenya (CBK) has directed all banks to conduct a risk assessment exercise to determine their preparedness in fighting money laundering and terrorism. Through a guidance note, the regulator said all banks will be required to develop a money laundering and terrorism financing (ML/TF) risk assessment framework. In addition, each bank will now be required to appoint a money laundering reporting officer who will be the central point of contact with the CBK. By December 31 every year, b ...
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Category: business news

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Cocoa smuggling has long been an issue along the border. But Cameroonian farmers and buyers told Reuters that the crisis has aggravated the practice. ...

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@DailyNation - By: Paul Redfern
Experts warn of Africa’s new debt crisis

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Relief for Governors, MCAs as court suspends move to slash pay

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7 hours ago, 23:22
@StandardMedia - By: Wainaina Ndung’u
Miraa sub-sector facing go-slow from exporters

The miraa (khat) sub-sector is facing a go-slow from exporters protesting at high farm gate prices. ...

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@StandardMedia - By: Lee Mwiti
Processor cuts raw milk and retail prices on over-supply

Farmers are the biggest losers in the wake of a tumble in shelf prices following increased production in the last... ...

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7 hours ago, 23:22
@StandardMedia - By: Dalton Nyabundi
Kenya Breweries to contract 30,000 sorghum farmers

Kenya Breweries Ltd (KBL) will begin operations at its new Sh15 billion Kisumu plant on July 1. ...

Category: business news

@StandardMedia

Banks to appoint money laundering officer in new CBK rules

14 days ago, 23:18

By: Patrick Alushula
Central Bank of Kenya (CBK) has directed all banks to conduct a risk assessment exercise to determine their preparedness in fighting money laundering and terrorism. Through a guidance note, the regulator said all banks will be required to develop a money laundering and terrorism financing (ML/TF) risk assessment framework. In addition, each bank will now be required to appoint a money laundering reporting officer who will be the central point of contact with the CBK. By December 31 every year, b ...
Read More

Category: business news

Suggested

9 minutes
@AfricaNews - By: Africanews
Cameroon's Anglophone crisis fuels cocoa smuggling to Nigeria | Africanews

Cocoa smuggling has long been an issue along the border. But Cameroonian farmers and buyers told Reuters that the crisis has aggravated the practice. ...

Category: africa topnews news africa_business business
13 hours ago, 17:20
@DailyNation - By: Paul Redfern
Experts warn of Africa’s new debt crisis

Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved. ...

Category: topnews news business
16 hours ago, 14:30
@BusinessDaily -
Relief for Governors, MCAs as court suspends move to slash pay

Judge suspends gazette notice that seeks to have payment of the reviewed salaries effected ...

Category: business news corporate lifestyle economy opinion markets
7 hours ago, 23:22
@StandardMedia - By: Wainaina Ndung’u
Miraa sub-sector facing go-slow from exporters

The miraa (khat) sub-sector is facing a go-slow from exporters protesting at high farm gate prices. ...

Category: business news
7 hours ago, 23:22
@StandardMedia - By: Lee Mwiti
Processor cuts raw milk and retail prices on over-supply

Farmers are the biggest losers in the wake of a tumble in shelf prices following increased production in the last... ...

Category: business news
7 hours ago, 23:22
@StandardMedia - By: Dalton Nyabundi
Kenya Breweries to contract 30,000 sorghum farmers

Kenya Breweries Ltd (KBL) will begin operations at its new Sh15 billion Kisumu plant on July 1. ...

Category: business news
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