DTB Bank On the Spot Over Terrorism

DPP Noordin Haji has linked Diamond Trust Bank (DTB) to terrorism by way of failing to flag suspicious transactions days after the lender’s Eastleigh Branch manager was charged with failure to report banking activity that led to the terror attack at the DusitD2 business hub in Riverside, Nairobi that left several injured and 21 dead.

The DPP said while appearing before the National Assembly’s Justice and Legal Affairs Committee on Monday said the bank is being investigated for aiding and abetting terrorism. It is also alleged that the bank is notorious for aiding crimes and failed to provide CCTV footage of withdrawals of large sums of money which were channeled to Somalia and Syria.

The bank is accused of complacency in complying with banking regulations, Haji further notes that investigations by the relevant agencies show that customers have been withdrawing large amounts to the tune of Ksh50 million, transactions which are never reported to the Financial Reporting Centre (FRC).

Leave a Reply

Your email address will not be published. Required fields are marked *