February 24, 2025
Woman charged for illegal forex brokerage, admits guilt

A woman, Pamela Atieno Moro, has been charged with two counts of operating an online forex brokerage business without a license from the Capital Markets Authority (CMA).

Atieno appeared before Milimani senior principal magistrate Ms Zainab Abdul, where she admitted to both charges.

She acknowledged that she had carried out the illegal business contrary to Section 23 (1) as read with Section 34 A(1) of the Capital Markets Act Chapter 485 A Laws of Kenya (LoK…
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