2012-10-09

Banking Circular No 7 of 2012 - Suspicious Transaction Reports

This Banking Circular No. 7 of 2012, dated October 9th, 2012, is a formal notification from the Central Bank of Kenya to commercial banks, non-bank financial institutions, and mortgage finance companies concerning the submission of Suspicious Transaction Reports (STRs) under the Proceeds of Crime and Anti-Money Laundering Act. The Financial Reporting Centre (FRC), established in 2012, is now operational and requires all mentioned institutions to submit their STRs directly to it starting from October 10th, 2012. The Central Bank advises using the reporting format provided for Suspicious Transaction Reports in CBK/PG/08 until further notice regarding a new format by the FRC.

Kenya

Central Bank of Kenya

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