Money remittance firm Dahabshiil Kenya is now operational after the Central Bank of Kenya (CBK) today lifted the suspension on the company & their services have resumed fully.
CBK carried out a comprehensive review of Dahabshiil Kenya’s operations, policies and practices and were satisfied that the company complies fully with the law. From now on Dahabshiil & money remittance companies will have access to the Ministry of Interior’s new Integrated Population Registration Services database which will facilitate customer due diligence.
Dahabshiil were suspended after the Kenyan government suspended some licensed remittance providers on 7th April 2015. Others affected included Kendy, UAE Exchange, Amal, Iftin, Kaah Express, Amana, Juba Express, Tawakal, Bakaal, Hodan, Continental and Flex.
Dahabshiil operates in 126 countries including Kenya, UK and the US.