CBK upholds Ksh. 392.5m fines against 5 banks that handled cash in NYS scamThe Central Bank of Kenya has upheld penalties it imposed on five banks involved in the handling of cash, linked to the National Youth Service scam. In its September 12th, 2018 decision, the Central Bank fined Standard Chartered Bank, Equity Bank, Kenya Commercial Bank, Co-operative Bank and Diamond Trust Bank a total of 392.5 million shillings. Suspects in the NYS scam used the banks to transact funds9 hours ago

Source: Daily Nation November 16, 2018 20:05 UTC