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"id": 681709,
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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"legal_name": "Aden Bare Duale",
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"content": "If you look at the amendment contained under Clause 4 of the Bill, fundamentally, it proposes to enhance the Financial Reporting Centre’s power to impose civil monetary penalties or fines to natural persons in the case of a CEO of a bank or in the case of a corporate body that breaches or fails to comply with any instruction, direction or rules issued. The Financial Reporting Centre can detect movement of money in one bank all the way to the Central Bank of Kenya (CBK). If they give instructions, directions or a certain rule and the bank, as a corporate The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}