March 5, 2020 / 9:30 AM / 24 days ago

Kenya's prosecutor fines five banks $3.75 mln for violations

NAIROBI, March 5 (Reuters) - Kenya’s chief prosecutor said it had entered into a “deferred prosecution agreement” with five commercial banks for violations of anti-money laundering laws.

The five, KCB Group, Equity, Co-op Bank Kenya, StanChart Kenya and Diamond Trust also paid a total of 385 million shillings ($3.75 million) for violating the laws, the chief prosecutor said. ($1 = 102.8000 Kenyan shillings) (Reporting by Omar Mohammed Writing by Duncan Miriri Editing by Alexander Smith)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below