Bankers fault CBK for ‘dodging’ its responsibility on money laundering

Commercial banks in the country have now turned up the heat on the Central Bank of Kenya (CBK), accusing the regulator of dodging the responsibility of stopping money laundering.

In separate interviews, over two dozen top bankers who spoke to the Nation on condition of anonymity, fearing sanctions from their regulator accused CBK of "shirking its responsibility" of ascertaining the authenticity of all State payments before approving them in its role as the government’s “primary banker”.