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Kenya's president says banks will lose licenses for money laundering
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Kenya's President Uhuru Kenyatta addresses the country during the Mashujaa Day (Hero's Day) celebrations at the Nyayo National Stadium in Nairobi, October 20, 2014. REUTERS/Thomas Mukoya
"From today, we have agreed that those banks that break our anti-money laundering laws and regulations will at a minimum lose their banking license," he said.
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Banks that break Kenya's anti-money laundering rules will lose their licenses, President Uhuru Kenyatta said on Monday in his annual address to the nation.
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