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KCB diassociate from money laundering allegation

by Oloo Winnie

The Kenya Commercial Bank(KCB) has come forth to deny money laundering allegations shared across social media platforms.The bank which was chosen as the safest in the East Africa region has addressed the issue in its official website.

“KCB Group Plc. has taken note of some social media posts circulating on various platforms which allege the Bank’s involvement in a money laundering scheme.

The Bank wishes to disassociate itself with the claims which are false and fashioned to injure the reputation of the Bank and its leadership. The matter has been investigated and the alleged transactions found to be non-existent.”

It further adds on its commitment to adhere to the regulations stated by the governing regulator,CBK.

“As a highly regulated entity, KCB adheres to all the relevant local and international banking regulations with strict adherence to Prudential and Anti Money Laundering Laws issued by the Central Bank of Kenya.

KCB Bank reserves the right to pursue the authors of these fictitious claims through legal channels.”

KCB has assured its stakeholders of the Bank’s commitment to continue offering excellent customer experience, supporting the country’s economic agenda and transforming the lives of communities across markets in which they operate.

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