Regulatory Alerts2010-08-24
CBK Currency Handling Regulations 2010
The Central Bank of Kenya Act outlines regulations for handling currency, including the use of cash defacement devices to stain and render stolen cash worthless. The Act details the application process for using and licensing these devices, as well as the terms and conditions for their use. It also specifies penalties for non-compliance and procedures for exchanging defaced notes.
Tags
payments
monetary
operational
aml
conduct
enforcement
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