IMPORTANCE OF AML LAWS ON THE FINANCIAL SECTOR AND HOW INSTITUTIONS ARE WORKING TO ENSURE COMPLIANCE: KENYA
The Proceeds of Crime and Anti-Money Laundering Act, 2009 (POCAMLA) is the key piece of legislation in Kenya designed to combat money laundering and the financing of terrorism. Ant
WHY KENYA WAS GREY-LISTED BY FATF AND WHAT THAT MEAN FOR THE COUNTRY
On 23rd February 2024, the Financial Action Task Force (FATF) listed Kenya under Jurisdictions with increased monitoring (commonly referred to as “grey-list”) a move th
KENYA SETS HEFTY PENALTIES FOR BANKS AND FINANCIAL INSTITUTIONS DEFYING DIRTY CASH LAWS
Following the enactment of the Proceeds of Crime and Anti-Money Laundering (Amendment) Act, 2023 on 1st September 2023, The Central Bank of Kenya (CBK) via Circular number 13 of 20
REVIEW OF THE PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING (AMENDMENT) ACT, 2023
Recently the Law Society of Kenya struck a deal with the State in the fight against money laundering. This is after along stalemate experience between the two&n