2012-10-09 | 182954044

Banking Circular No 8 of 2012 - Suspicious Transaction Reports (STRs)

The Central Bank of Kenya issues a circular to all principal officers of forex bureaus, reminding them of their obligation to report suspicious transactions to the Financial Reporting Centre (FRC) under the Proceeds of Crime and Anti-Money Laundering Act, 2009 (POCAMLA). The FRC, established under POCAMLA, is now operational and has extensive functions and powers related to receiving and analyzing suspicious transaction reports. Forex bureaus are instructed to use the prescribed form for submitting suspicious transaction reports to the FRC starting October 10, 2012.

Kenya

Central Bank of Kenya

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