President Uhuru Kenyatta has directed the Treasury to review the limit of bank deposits and withdrawals whose sources should be disclosed to the authorities in tracking the flow of unclean money.
Now at the international standard of $10,000 (about Sh1 million), the President says the intended review will, among other benefits, save small businesses from the “onerous” requirement of revealing the source, the intended use and the beneficiaries of Sh1 million and above.
