Regulatory Alerts2018-03-23 | 1156953262Added · Updated
Microfinance Banking Circular No. 2 of 2017 - Cost of Credit Website Portal
The Central Bank of Kenya has issued a circular to commercial banks and mortgage finance companies, emphasizing the importance of conducting money laundering and terrorism financing risk assessments. The Guidance Note provides clear standards for institutions to identify and manage these risks effectively. The results of these assessments will inform resource allocation and AML/CFT policy development.
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