Legal Alert: Key Changes in the Business Laws (Amendment) Act, 2024 and Their Impact on Financial Institutions
Date of Assent: 11th December 2024Date of Commencement: 27th December 2024 The Business Laws (Amendment) Act, 2024 introduces critical changes to various financial regulations, particularly impacting banks, credit providers, and financial technology services. Below are the key amendments and their implications: Increased Penalties for Non-Compliance (Banking Act, Cap. 488)The Central Bank of Kenya (CBK) now […]

