×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

CBK penalty pushes banks to raise vigilance

CBK Governor Patrick Njoroge

Banks will be more vigilant in flagging and freezing accounts for suspicious transactions after the regulator insisted on fining five banks that transacted National Youth Service (NYS) scandal money.

Central Bank of Kenya (CBK) said the lenders had not done enough to stop the looting and fined them for lapses in their systems.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902