Regulatory Alerts2013-04-26
Added · Updated
The Money Remittance Regulations 2013
The document outlines the Money Remittance Regulations, 2013 for Kenya. It covers licensing requirements, ownership and management, operations, anti-money laundering measures, customer protection, inspection and audit, and miscellaneous provisions. The Central Bank of Kenya has the authority to regulate money remittance businesses, including licensing, capital requirements, and anti-money laundering compliance. Money remittance operators must adhere to strict rules regarding transactions, record-keeping, and customer disclosure. The Central Bank can impose penalties and revoke licenses for non-compliance.
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