EVERY cash bank transaction exceeding Sh850,000 will soon have be reported to the authorities under new guidelines released yesterday.
The Draft Proceeds of Crime and Anti-Money Laundering Regulations 2012 was prepared by the Financial Reporting Centre, established earlier this year to combat money laundering.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article