Forex bureaus have legally operated in Kenya since 1995 while Money Remittance Providers have been in operation from 2013 when the banking act was amended to incorporate their activities. Among the pioneer remittance providers are former Forex Bureaus who chose to exploit the emerging business opportunities. These bureaus and remittance companies are licensed and regulated by Central Bank of Kenya (CBK).Contrary to the erroneous and misleading heading of the referenced article, our members comply fully with all legal and regulatory requirements evidenced by their continued business operations for over two decades.
