The Banking (Penalties) Regulations, 2025
62. Bad faith action by appointed, designated or approved persons
62. Bad faith action by appointed, designated or approved persons
A person who was appointed, designated or approved, by the Central Bank under Part VII of the Act, and whose acts or omissions in the performance of the responsibilities of the person under the Act were in bad faith, commits a violation and is liable, upon assessment to a penalty not exceeding five million shillings.Source: Kenya Law