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Banks put on high alert over money laundering

CBK Governor Patrick Njoroge.

Central Bank of Kenya (CBK) has asked banks to intensify their surveillance against money laundering activities by their clients. 

In a circular sent to lenders this month, the regulator said they should particularly watch out for suspicious activities on accounts of politicians and senior government officials, Non-Governmental Organisations and cash-intensive businesses such as supermarkets, liquor stores and car dealership.

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