The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
An Absa Bank branch on Mama Ngina Street, Nairobi. [Wilberforce Okwiri, Standard]
Absa Bank Kenya has been kicked out of foreign exchange trading for a week following violation of anti-money laundering regulations.
In a statement yesterday, financial sector regulator Central Bank of Kenya (CBK) said Absa, formerly Barclays Bank of Kenya, flouted several regulations in some forex trading conducted last month.
Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.