CBK issues tough terrorist cash guidelines for banks
2 months ago, 3 Jan 12:48
Banks will be required to file with the Central Bank of Kenya (CBK) detailed annual reports of risks associated with money laundering and terrorism financing and mitigation measures. The financial services sector regulator says in an industry guidance note that this is intended to enable banks effectively identify, “assess, monitor, manage and mitigate” the risks associated with the vices. “On an annual basis, institutions shall provide Central Bank of Kenya (CBK) with a report on the results of ...
Category: business news corporate economy opinion markets lifestyle