New rules to stamp out money laundering

Money transferring is to come under greater scrutiny as the government moves to reduce the risk of laundering and transactions meant to sustain terrorism.

Saturday May 11 2013

A woman withdraws money at an M-Pesa shop in Nyeri on April 16. Under new rules, transactions that exceed Sh100,000 every day or Sh300,000 a week will now be closely scrutinised. PHOTO/JOSEPH KANYI

A woman withdraws money at an M-Pesa shop in Nyeri on April 16. Under new rules, transactions that exceed Sh100,000 every day or Sh300,000 a week will now be closely scrutinised. PHOTO/JOSEPH KANYI  NATION

By MWANIKI WAHOME [email protected]
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