Banks want court to declare next of kin requirement illegal

Kenya Bankers Association director of Centre for Research on Financial Markets and Policy Jared Osoro (left) and CEO Habil Olaka. FILE PHOTO | NMG

Banks now want the High Court to declare unconstitutional the section of the law that requires them to keep updated next of kin registers of their customers.

The Kenya Bankers Association (KBA) claims that the clause in the Finance Act 2018 which changed the Banking Act to introduce a requirement that the lenders keep updated information of account holders’ next of kin details was not subjected to public participation.

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