April 2026

Enforcement Action Taken to Enhance Compliance by Reporting Institutions

The Financial Reporting Centre (the FRC) levied a monetary penalty of Kenya Shillings two hundred thousand (KES 200,000) in November 2025on a non-compliant DNFBP entity in the Casino Sector for its failure to take remedial actions as directed following an onsite inspection. In the said onsite inspection, the FRC identified areas of non-compliance, including gaps […]