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{
    "id": 327144,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327144/?format=api",
    "text_counter": 882,
    "type": "speech",
    "speaker_name": "Mr. Abdikadir",
    "speaker_title": "",
    "speaker": {
        "id": 1,
        "legal_name": "Abdikadir Hussein Mohamed",
        "slug": "abdikadir-mohammed"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, the Finance Bill, 2012 be amended by inserting the following new clause immediately after clause 44- Amendment 44A. Section 2 of the Central Bank of Kenya Act is amended – of section 2 of Cap. 491 (a) by inserting the following new definitions in their appropriate alphabetical sequence- “authorised money remittance provider” means a money remittance operator licensed by the Bank under section 33B to carry out the business of money remittance; “money remittance operator ” means a company incorporated in Kenya whose main object consists of the acceptance of monies for the purpose of transmitting them to persons resident in Kenya or another country as prescribed by the Bank by Regulations; (b) in the definition of “authorised dealer,” by inserting the words “ an authorised money remittance provider,” immediately after the words “authorised dealer means”; (c) in the definition of “foreign exchange business,” by inserting the following new paragraph immediately after paragraph(b)- (ba) in relation to an authorized money remittance operator, the business of foreign exchange transfers consisting of the acceptance of monies for the purpose of transmitting them to persons resident in Kenya or another country as prescribed by the Bank;"
}