Kenya has sought to apply this according to international best practices. As mentioned, Kenya’s AML/CFT framework is aligned to international best parctices and it is embedded in several complementary elements. 4  Cash monitoring is essential, as criminals performing illicit activities prefer using cash. 5   Majority of suspicious transactions are triggered by unusually large cash transactions.
The government-owned Financial Stability Company was put in  BIS central bankers’ speeches  1  charge of the resolution of distressed banks, thereby assuming the role that Danmarks Nationalbank had had in connection with Roskilde Bank. Under Bank Rescue Package 3, not only shareholders, but also unsecured and subordinated creditors could lose their money if a bank failed.