Kenya’s prosecutor fines five banks $3.75 mln for violations

Credit: REUTERS/Thomas Mukoya NAIROBI, March 5 (Reuters) – Kenya’s chief prosecutor said it had entered into a "deferred prosecution agreement" with five commercial banks for violations of anti-money laundering laws.

The five, KCB Group KCB.NR, Equity EQTY.NR, Co-op Bank Kenya COOP.NR, StanChart Kenya SCBK.NR and Diamond Trust DTK.NR also paid a total of 385 million shillings ($3.75 million) for violating the laws, the chief prosecutor said.

($1 = 102.8000 Kenyan shillings)

(Reporting by Omar Mohammed Writing by Duncan Miriri Editing by Alexander Smith)

(( duncan.miriri@thomsonreuters.com ; Tel: +254 20 4991239; Reuters Messaging: duncan.miriri.thomsonreuters.com@reuters.net ))

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