Regulatory Alerts2010-04-30 | 121081030Banking Circular No 2 of 2010 - Guideline on Agent Banking
The Central Bank of Kenya issues a guideline on agent banking to commercial banks, mortgage finance companies, and non-bank financial institutions, effective May 1, 2010. The guideline, formulated under the Banking Act, aims to ensure that outsourcing banking services to third parties does not compromise the supervision, safety, and soundness of the banking sector. This move is part of Kenya's Vision 2030 to develop an inclusive and efficient financial sector to support the country's economic development.
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