ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
33H. Regulation of payments between residents and non-residents
Edition: 2026-07-24 · In force
33H. Regulation of payments between residents and non-residents
(1)Except with the permission of the Bank, every payment made—(a)in Kenya, to or for the credit of a person outside Kenya; or(b)outside Kenya, to or for the credit of a person in Kenya; or(c)in Kenya (other than a payment for a current transaction) between a resident and non-resident, shall be effected through an authorized Bank or an authorized microfinance bank.(2)A person who contravenes any of the provisions of this section commits an offence and shall be liable on conviction to a fine not exceeding five hundred thousand shillings or to imprisonment for a term not exceeding three years, or to both.