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NAIROBI, KENYA: It will now be tougher to transact Sh1 million and above as banks tighten rules in bid to shed off the tag of being branded conduits of corruption deals.
In a circular issued by Kenya Bankers Association (KBA) governing council to all member banks and copied to Central Bank of Kenya (CBK), some over the counter cash transactions will require customers to give a three-day written notice before being allowed to move money.
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