To strengthen its risk based approach in managing money laundering and terrorism financing (ML/TF) risks in the banking sector, the Central Bank of Kenya (CBK) has drafted a Guidance Note on Conducting Money Laundering/ Terrorism Financing Risk Assessment. The Guidance Note is intended to supplement the CBK’s Prudential Guideline on Combating the Financing of Terrorism (CBK/PG/08) which requires institutions to carry out ML/TF risk assessment to facilitate the identification, assessment, management and mitigation of associated risks. CBK invites comments and suggestions from the banking sector and general public on the draft Guidance Note. CBK invites comments on the draft Guidance Note through the email address [email protected] by Wednesday, January 31, 2018. Download the Guidance Note…