Suspended money remittance companies say their operations above board
“We are not Hawalas, suspended money remittance companies in Kenya say”
Money remittance companies that were suspended by the government over alleged links with terrorism have cried foul saying their operations are above board. The Kenya Forex and Remittance Association which spoke on behalf of the 13 suspended firms said they are duly licensed by the Central Bank which monitors their financial activities closely, including source and destination of the money that passes through them. "The licenses of the money remitters have been suspended without notice and without being given an opportunity to defend ourselves, thereby greatly inconveniencing their clients," said KFRA CEO Anthony Wachira.