Aml (Anti-money Laundering)

It is KCB Group’s policy to combat money-laundering and financing of illegal activity by implementing procedures and processes to identify and verify customers, and to place obligations on staff and management to report certain information on suspicious activity/transactions, in accordance with the AML Compliance Policy Manual. KCB Group will not operate fictitious or anonymous accounts, operate the accounts of shell banks, and will not willingly and/or knowingly conduct business which is tantamount to money laundering. KCB Group holds that no customer relationship is worth compromising our commitment to combating money laundering.

• The Group maintains a Customer Acceptance Programme that is codified in the Group’s KYC policy that provides the standards, policies and procedures to ensure effective KYC risk management to guard against Reputational, operational, legal and concentration risks.  The KYC standards provide the first level of defence in complying with local, regional and international anti-money laundering legal and regulatory requirements and practices as well as those related to combating the Financing of Terrorism.
• AML/KYC Disclosures and Policies (place within the notes section on the AML page)

CBK/PG/08 AML Prudential Guidelines

Prudential Guideline: CBK/PG/08:Anti-Money Laundering And Combating The Financing Of Terrorism -

• KCB Group AML Policy Statement
• KCB Group Sanctions Policy Statement
• KCB Banking Licence 
• KCB USA Patriot Act Certificate

KCB Shareholding Structure – Available in the annual report on this website

KCB Group takes care to ensure that it only relates with Financial Institutions and Banks that maintain a physical presence and are themselves regulated for AML & CFT. The KCB AML/KYC questionnaire can be downloaded here: KCB KYC AML Questionnaire