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Digital lenders to reveal source of funds in CBK dirty cash war

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Business Daily | by John Mutua


Digital lenders will from September 18 be required to disclose the sources of their money to the Central Bank of Kenya (CBK) in measures aimed at curbing money laundering.

The requirement follows the gazettement of the Central Bank of Kenya (Digital Credit Providers) Regulations that compel the lenders to give details of their investors and also prove that the funds are not intended to fund criminal activities…

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