KBA: Watch out for money launderers

Kenya Bankers Association has asked the public to be on the lookout of money launderers [Photo, Courtesy]

Kenya Bankers Association (KBA) has asked the banks, retailers, and citizens to be vigilant as there may be attempts to launder illicit funds through the banking system during the exercise of replacing the old generation notes with the newly released ones.

"We encourage banks, bank agents and retailers, as well as citizens in general, to be especially vigilant during this period as there may be attempts to launder illicit funds through the banking system during the exercise of replacing the old generation notes with the newly released ones," KBA said in a statement on Tuesday.