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KTN Prime: Seven Family bank officials to be charged with offence of money laundering 24/11/2016

24, Nov 2016

The seven officials of Family Bank led by the chief executive officer Peter Munyiri will be charged with the offence of failure to comply with the reporting obligations. Keriako Tobiko says according to investigations , the officials aided and abetted the commission of the offence of money laundering through opening numerous bank accounts , authorizing suspicious transactions and failing to report cash transactions above us dollars 10,000 or 1 million shillings.