Family Bank Kenya Fired 9 Managers Over NYS Fraud: Central Bank
Source: BFW (Bloomberg First Word)
Tickers
0632135D KN (Family Bank Ltd)
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UUID: 7947283
(Bloomberg) -- “They subverted prudential rules and anti-money laundering and counter-terrorism financing rules,” Governor Patrick Njoroge tells lawmakers in capital, Nairobi.
Alert: HALISTER1- Three lenders -- Family Bank, Sidian Bank, Faulu Microfinance -- fined 1m shillings each in fraud case involving 791m shillings misapproriated from a govt ministry
- Bank CEOs have to confirm to regulator that they understand and have systems to enform anti-money laundering rules
Source: BFW (Bloomberg First Word)
Tickers
0632135D KN (Family Bank Ltd)
To de-activate this alert, click here
UUID: 7947283