BIS central bankers’ speeches  enhance our national registries, particularly as relates to the obtaining and sharing of beneficial ownership information. I would be remiss if I did not mention the Kenyan experience and initiatives that the Central Bank of Kenya(CBK)has adopted in order to foster transparency within the Kenyan financial system.
In the past year, CBK has adopted the following measures: •  Stepped up close collaboration with the Financial Reporting Centre (FRC) – Kenya’s financial intelligence unit (FIU) – to foster a culture of compliance in the banking sector. Emphasis has been placed on the preventive measures outlined in the Proceeds of Crime and Anti-Money Laundering Act(POCAMLA), Kenya’s primary anti-money laundering legislation.