2016-08-11

Central Bank Circular No 2 of 2016 - Implementation of Communications on Specified Entities

This circular from the Central Bank of Kenya advises all Chief Executive Officers of Money Remittance Providers to take action against specified entities as declared by the Counter Financing of Terrorism Inter-Ministerial Committee. These entities, according to the Prevention of Terrorism Act and the attendant Regulations, must have their accounts frozen, provision of financial services halted, and suspicious transactions reported to the Financial Reporting Centre within 48 hours. Institutions are also required to update the Central Bank on the actions taken.

Kenya

Central Bank of Kenya

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