Central Bank of Kenya governor Patrick Njoroge yesterday came under fire as MPs dismissed his ‘tough’ regulations requiring declarations for transactions of over Sh1 million. But the agitated legislators criticised Njoroge saying the regulations and the circular are illegal and irregular. CBK held that the guidelines are in line with the Proceeds of Crime and Anti-money Laundering Regulations, 2013. The finance committee should tell us why the CBK boss is not appearing before us,” Majority Leader Aden Duale said. Suna East Mp Junet Mohammed said: “What the CBK governor is doing unacceptable and illegal.

Source: The Star February 21, 2019 21:45 UTC