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Central Bank of Kenya has fined five banks for handling NYS scam funds.
Kenya Commercial Bank to pay Sh149.5 million, Equity Bank to part with Sh89.5 million, Standard Chartered Bank fined Sh77.5 million, Diamond Trust Bank to pay Sh56 million and Co-Operative Bank of Kenya Sh20 million.
In a statement the Central Bank of Kenya said that the first phase of investigation of banks that were used in transacting fraudulent NYS funds is complete.
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