2002-12-17

Foreign Exchange Guidelines

The Central Bank of Kenya (CBK) regulates the financial system and supervises foreign exchange transactions. These guidelines outline the CBK's expectations for authorized foreign exchange dealers, including banks and forex bureaus. Dealers must adhere to principles such as knowing their customers, preventing illegal financial transactions, and consulting with the CBK before introducing new products. The CBK also outlines documentation requirements for various types of transactions, such as imports, dividends, and royalties. Dealers must submit regular returns to the CBK, and penalties are outlined for non-compliance.

Kenya

Central Bank of Kenya

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