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{
    "id": 1281745,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1281745/?format=api",
    "text_counter": 571,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Insert the following definitions in their proper alphabetical sequence— No. 17 of 2015. “beneficial owner” has the meaning assigned to it under the Companies Act; Cap. 488. “significant shareholder” has the meaning assigned to it under the Banking Act; (ii) by inserting the following new row immediately after the proposed amendments to section 4A (1) — I had given this explanation before, that the proposed definition seeks to define the terms as contained in the Bill. This enables the vetting of beneficial owners who are significant shareholders in money remittance providers. This requires that Central Bank of Kenya (CBK) money remittance providers and digital providers be identified as persons who are exercising ultimate control in a money remittance provider or a digital remittance provider."
}