ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
73. Conduct of assessment
Edition: 2025-07-09 · In force
73. Conduct of assessment
(1)Upon receipt of a response made under regulation 72, the Central Bank shall assess the suspected violation to determine—(a)whether the person is liable to the pay the penalty;(b)where the person is liable, the amount of the penalty to be imposed; and(c)whether the person is not liable.(2)The Central Bank shall assess a suspected violation within thirty days from—(a)the date the Central Bank receives a response under regulation 72; or(b)where no response is submitted, the date the notice issued under regulation 71 is received by the person suspected to have committed the violation.