FAMILY BANK DIDN’T HAVE MONITORING OFFICER, COURT TOLD.

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Family Bank Limited human resources officer being cross examine before a Nairobi court on Tuesday April 11, 2017 /PHOTO BY S.A.N.
BY SAM ALFAN.

Family Bank had no specific officer overseeing Anti-Money Laundering risk in the bank until last year, court heard.

The Bank had five managers under the risk and compliance department and none of them had a mandate of money laundering.

The human resource manager Elijah Kamau Kariuki said the position was created last year following a report and recommendations by Central Bank of Kenya.

The report was made by CBK investigation team and Finance Reporting Centre who investigated NYS suspect Josephine Kabura bank transactions.

Mr Elijah who is current human resource manager at the bank was being cross examined by lawyer Wahome Thuku for fourth accused Raphael  Mutinda Nduda.

The human resource on Monday was taken through various appointment letters of it former officials who majority of them left the bank last year.

Mr Mutinda is charged alongside other four senior managers in the bank.

Peter Munyiri ,Robert Oscar Nyaga , Charles Kamau Thiongo , Raphael Mutinda Nduda and Family bank are accused between 22 December 2014 and 19 May 2015 at family bank limited KTDA branch being the Chief Executive Officer , Senior Branch Manager KTDA Branch ,Manager money laundering compliance, Head of Risk and Compliance and a reporting institution , respectively failed to comply with the reporting obligations by failing to report unusual transactions relating to accounts belonging to Josephine Kabura Irungu.

Other defence lawyers to cross examine the witness September 12 when proceedings resumes.

 

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