Browsing by Author "Oniala, Fredrick O."

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Determinants of know your customers (kyc) compliance among commercial banks in Kenya
(KCA University, 2013) Oniala, Fredrick O.
The need to really know-your-customer (KYC) is the very base of a outstanding economical operation. As a measure of sensible behavior/good practice, well-established banking companies often follow KYC requirements which are stronger than what is called for under law. Know Your Client (KYC) fulfillment parameter has confirmed to be among the biggest efficient encounters banking companies and as well economical companies globally have had to surmount. The KYC submission require, for every of its outstanding results, has loaded banking companies as well as other economical companies with a significant handling commitment. Moreover, to this, it increasingly includes the development of auditable proof of due determination activities, along with the call for customer recognition. The purpose of the analysis was to set up the factors of know-your-customer submission among expert banking companies in African American. There are 43 expert banking companies in African American. The analysis focused more on the area and particularly the top and middle level management group. From each stratum the analysis used stratified unique examining to select a example of members. From the target population of four hundred and forty-four, examples of 10% was selected from within each group in percentages that each group maintains to the analysis population. The analysis collected both primary and more information. Primary information was collected using a set of questions while more information was obtained from books, standard bank books and reviews of the selected banking companies.