• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Wednesday, October 8, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

CBK Takes Actions Against Absa Bank Kenya on Anti-Money Laundering Lapses

Trading Room Reporter by Trading Room Reporter
in Business News
Reading Time: 1 min read
A A
0
Absa
Share on FacebookShare on Twitter

The central bank of Kenya has ordered Absa Bank Kenya to stop foreign exchange dealing between April 9 and April 15 for failing to observe anti-money laundering rules on some trades, the regulator said.

RELATED POSTS

Kestrel Capital Celebrates 30 Years with Historic Buyout, Paving way for Bold Growth

EPRA: Nairobi Dominates Power Consumption, Region accounted for 43.8% of Country’s Usage

Kenya’s Private Sector Recovery as Stanbic PMI Hits 51.9

In investigating these and other earlier transactions it is evident that Absa Kenya did not have satisfactory assurance of the underlying commercial transactions supporting these trades, as is required, nor did the bank ensure the standard checks on anti-money laundering and combating the financing of terrorism (AML/CFT) and know-your-customer (KYC) requirements were applied.

The central bank said it took action over some foreign exchange trades Absa Bank carried out in March, and said Absa also failed to satisfactorily make “know your customer checks” in the trades.

“Absa Kenya is required to  reverse the market positions that were created as a result of the flagged transactions,” the central bank said in a statement

Post Views: 1,090
Buy JNews
ADVERTISEMENT
Tags: Absa Bank Kenya PlcCentral Bank of KenyaJeremy AwuoriNairobi Securities ExchangePatrick Njoroge
Previous Post

Morning Note: Wuhan Opens, Global Markets Revise.

Next Post

Africa Set To Tip Into its First Recession For 25 Years Due to the Covid-19 outbreak – World Bank

Trading Room Reporter

Trading Room Reporter

Related Posts

Kestrel Capital
Business News

Kestrel Capital Celebrates 30 Years with Historic Buyout, Paving way for Bold Growth

by Ivan Lewa
EPRA
Business News

EPRA: Nairobi Dominates Power Consumption, Region accounted for 43.8% of Country’s Usage

by Ivan Lewa
PMI
Business News

Kenya’s Private Sector Recovery as Stanbic PMI Hits 51.9

by Ivan Lewa
EPRA
Business News

EPRA Reports Stellar Energy Growth as Electricity Generation Hits 14.47TWh in 2025

by Ivan Lewa
Next Post
Africa Set To Tip Into its First Recession For 25 Years Due to the Covid-19 outbreak –  World Bank

Africa Set To Tip Into its First Recession For 25 Years Due to the Covid-19 outbreak - World Bank

Market Report: 09 April, 2020.

Market Report: 09 April, 2020.

Oil

Morning Note: Markets Break For Easter, OPEC Agrees on Oil Cuts

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,305)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,408)
  • Hilda Njeru Takes over at CDSC (2,274)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,241)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,994)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average European Stock Markets Global Economy Global Markets Gold Hang Seng Index Investing in Kenya Jakarta Stock Exchange Kenya Bankers Association Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Kestrel Capital

Kestrel Capital Celebrates 30 Years with Historic Buyout, Paving way for Bold Growth

NSE Market Report, 7 October 2025: Indices Decline as Safaricom Closes with KES 144.71Mn Turnover

NSE Market Report, 7 October 2025: Indices Decline as Safaricom Closes with KES 144.71Mn Turnover

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$430.11  0.69%  
GME 
$24.70  1.50%  
MSFT 
$526.66  0.51%  
AAPL 
$257.44  0.37%  
AMC 
$2.81  1.07%  
ABNB 
$119.85  0.00%  
GOOGL 
$245.00  0.31%  
AMZN 
$222.03  0.11%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?