ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
71. Notice of intended assessment
Edition: 2025-07-09 · In force
71. Notice of intended assessment
(1)Where the Central Bank suspects that a violation was committed, the Central Bank shall issue a written notice of intended assessment to the person suspected of committing a violation.(2)The notice referred to in paragraph (1) shall contain —(a)the violation the Central Bank suspects was committed;(b)a description of the facts or circumstances suspected to constitute the violation;(c)a description of the persons suspected to be involved in the violation;(d)the period when the violation is suspected to have occurred; and(e)the period within which the person may show cause why a penalty should not be imposed and produce any evidence in response to the suspected violation.(3)The period referred to in paragraph (2) (e) shall be at least fourteen days from the date the notice is received by the person.