Central Bank of Kenya Act

33A. Authorized dealers

Edition: 2026-07-24 · In force

33A. Authorized dealers

(1)Subject to subsection (3), no person shall, in Kenya, transact foreign exchange business except an authorized dealer.

(2)A person who contravenes the provisions of subsection (1) commits an offence and shall, on conviction be liable to a fine not exceeding five hundred thousand shillings, or to imprisonment for a term not exceeding three years, or to both.

(3)Notwithstanding the provisions of subsection (1), the Bank may permit such person or class of persons as it may specify, to transact foreign exchange business without a licence, subject to such conditions as it may impose.

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Source: Kenya Law