Kenya: CBK Fines Five Banks Sh392m for Violating Rules in NYS Scandal

12 September 2018

Kenya — The Central Bank of Kenya has penalised five banks a total of Sh392 million for violating financial transaction rules in respect to the handling of the National Youth Service scandal that was exposed this year.

The Banks include Standard Chartered Bank (StanChart), Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank (DTB).

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