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The Director of Public Prosecutions Renson Ingonga at a past event. [File, Standard]
The Director of Public Prosecutions (DPP) has approved criminal charges against the chief executives of NCBA Bank, KCB Bank and Co-operative Bank over alleged failure to report suspicious transactions linked to proceeds of crime.
The three bank chiefs are accused of failing to report suspicions regarding proceeds of crime, contrary to Section 5 as read with Section 44(2) of the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA).
According to the Office of the Director of Public Prosecutions (ODPP), the executives are expected to appear before the Chief Magistrate's Court on August 11, 2026, to take a plea following the issuance of court summons.
