An understanding of how to maintain a checking and savings account at a local financial institution may have been sufficient twenty-five years ago. Today’s consumers, however, must be able to differentiate between a wide range of products, services, and providers of financial products to successfully manage their personal finances.
AML/CFT has become an issue of global concern and mitigating measures are important to ensure the integrity of Kenya’s financial sector. Ladies and Gentlemen: Of importance also is the ease of access to credit. A central repository of personal and corporate information will facilitate banks in their credit risk appraisal.