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Govt Issues New Deadline to All Business Owners

Govt Issues New Deadline to All Business Owners Public Service Commission (PSC) office in Nairobi. Twitter On Friday, July 16, the national government issued a public notice directing all business owners to provide the Beneficial Ownership (BO) information of their company by July 31, 2021. According to the notice, the new deadline follows the operationalization of the BO E-register platform on October, 13, 2020, which is in line with the Government’s Digital Economy Blueprint aspirations “All officers of companies and authorized persons are required to comply. Failure to comply with this requirement makes it an offence to the company and every officer of the company who is in default,

How we can plug Kenya s systemic graft loopholes

How we can plug Kenya’s systemic graft loopholes Monday April 12 2021 By FAITH MUTHAURA Summary Kenya has had numerous scandals in the past few years with the most recent being the lost of billions of shillings at the Kenya Medical Supplies Agency through procurement. Just as we were wrapping our heads around the nerve wrecking scandal, President Uhuru Kenyatta revealed that the government was losing close to Sh2 billion daily to corruption. Kenya has had numerous scandals in the past few years with the most recent being the lost of billions of shillings at the Kenya Medical Supplies Agency through procurement malpractices in the middle of a global health pandemic.

Policy changes that will likely affect your business

CEOs in tight spot on corporate breaches

CEOs in tight spot on corporate breaches Tuesday January 19 2021 Summary Over the past couple of years in Kenya, we have seen increased regulatory reforms championed by local regulators, notably the Central Bank of Kenya (CBK), the Capital Market Authority (CMA), the Financial Reporting Centre (FRC) and the Insurance Regulatory Authority (IRA). Some of the corporate conduct breaches that management and directors may be held personally liable for include violations related to customer data privacy and financial crimes relating to money laundering and terrorism financing. The global financial crisis of 2007-2008 will long be remembered for the turmoil it caused to the banking industry. Some well-established banks previously thought to be too big to fail came crumbling down overnight.

State moves to unmask wealthy NSE firm owners but at what cost?

THE STANDARD By Dominic Omondi | January 12th 2021 at 00:00:00 GMT +0300 Log in or Register to continue reading this article When you register with us, you help us improve our news experience for you and others. Also, ensure your Javascript is activated for this website.

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