AML Policy

At Kendy Money Transfer Ltd, it is important for us to earn and keep the trust of our customers and business partners. We want to be seen as credible, ethical and reliable, and act accordingly. Hence our AML Policy is central to Money Remittance activities and outlines the basic guidelines for our day-to-day operations.

  • General Guidelines & Adhering to the Money Remittance Provider's Regulations /Guidelines
  • Know Your Customer – KYC
  • Due Diligence
  • Enhanced Due Diligence (EDD)
  • Risk Based Approach
  • Know Your Customer’s Customer
  • Transaction Monitoring
  • PEP, Sanctions and Blacklist Screening
  • Suspicious Transaction & Cash Transaction Reporting
  • Know Your Employee (KYE)
  • Employee Training
  • Record Retention
  • Penalties and Consequences

Acting in compliance with AML and CFT allows the entire staff of Kendy Money Transfer Ltd to meet the high expectations of our customers, business partners and regulators, without compromises such as possible risk exposures.

Kendy Money Transfer Ltd is licensed and regulated by the Central Bank of Kenya. The main governing regulations are the Money Remittance Providers Regulations of 2013 which are available on the Central Bank of Kenya weblink below:
https://www.centralbank.go.ke/wp-content/uploads/2016/08/The-Money-Remittance-Regulations-2013.pdf