Rule · CBK · 12 Aug 2016

Microfinance Banking Circular No 1 of 2016 - Implementation of Communications on Specified Entities

This circular from the Counter Financing of Terrorism Inter-Ministerial Committee requires all chief executives of microfinance banks in Kenya to comply with the Prevention of Terrorism Act and related regulations. The purpose is to inform banks of a list of specified entities, which are subject to immediate account freezing and cessation of financial services. Institutions must also file suspicious transaction reports with the Financial Reporting Centre (FRC) within 48 hours of receiving this circular and provide an update on actions taken to the Central Bank. In case of queries or clarifications, please contact the Director of Bank Supervision at the Central Bank. This is in response to a government announcement declaring certain entities as specified entities under the Prevention of Terrorism Act.

KenyaCentral Bank of Kenya

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Act No. 30 of 2012Not in RegAlertAct No. 30 of 2012 — Not in RegAlertProceeds of Crime and Anti- MoneyLaundering Act, 2009Not in RegAlertProceeds of Crime and Anti- Money Laundering Act, 2009 — Not in RegAlertRegulation of 2013Not in RegAlertRegulation of 2013 — Not in RegAlertMicrofinance Banking CircularNo 1 of 2016 - Implementation…2016-08-12 · this documentMicrofinance Banking Circular No 1 of 2016 - Implementation of Communications on Specified Entities (2016-08-12)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Issued under
  • Act No. 30 of 2012Not in RegAlert

    “In exercise of the powers conferred pursuant to the Prevention of Terrorism Act, 2012 and the attendant Regulations”

  • Proceeds of Crime and Anti- Money Laundering Act, 2009Not in RegAlert

    “file a suspicious transaction report with the Financial Reporting Centre (FRC) in accordance with section 44 of the Proceeds of Crime and Anti- Money Laundering Act, 2009”

  • Regulation of 2013Not in RegAlert

    “As stipulated under Regulations 11(3) and 12 of the Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on Suppression of Terrorism) Regulations, 2013”

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Source: Central Bank of Kenya — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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