CBK’s plan to prevent transfer of dirty cash

Central Bank of Kenya Governor Patrick Njoroge brief media on the new currency notes that will replace the old notes at the CBK offices. [David Gichuru/Standard]

The central banks of neighbouring countries have been warned to be on the lookout for individuals who might want to launder Kenyan money.

Local banks and forex bureaus are also on high alert after the State set out to ensure that illicit money does not enter the financial system with the roll-out of the new currency.