CLIENT ALERT: A Case For Artificial Intelligence in Achieving Regulatory Compliance in Financial Services

CLIENT ALERT: A Case For Artificial Intelligence in Achieving Regulatory Compliance in Financial Services

Posted on May 13th, 2019

Authors

  • Catherine Kariuki Mulika

  • Janet Othero

  • Sherry Bor

THE KENYAN LANDSCAPE

A majority of institutions providing financial services are regulated under innumerable laws and regulations. These include the Constitution of Kenya 2010, The Central Bank of Kenya Act and the various Central Bank of Kenya Prudential Guidelines, the Banking Act, The Microfinance Act, The Banking (Credit Reference Bureaus) Regulations 2013, The National Payments Systems Act and its Regulations, the Capital Markets Act and its Regulations, The Proceeds of Crime and Anti-Money Laundering Act 2009 just to mention a relevant few.

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