AML Board

The Anti-Money Laundering Advisory Board

The Anti-Money Laundering Advisory Board (AML Board) is established under section 49 of POCAMLA. The Board’s mandate under the Act is to advise the Director General of the Financial Reporting Centre (FRC) generally on the performance of his functions and the exercise of his powers under the Act. The Board was officially launched by the Deputy Prime Minister and the then Minister for Finance on 24th June 2011.

Membership of the Board

The Permanent Secretary, Treasury
The Attorney General
The Governor, Central Bank of Kenya
The Inspector General, National Police Service
The Chairman, Kenya Bankers’ Association
The Chief Executive Officer, Institute of Certified Public Accountants of Kenya
The Director General, National Intelligence Service
The Director, Asset Recovery Agency
Two other persons appointed by the Minister from the private sector
The Director General, Financial Reporting Centre (Secretary to the Board)

Highlights

Fund Regulation Proceeds of Crime and Anti-money Laundering (Criminal Asset Recovery Fund) Regulations, 2023

Fund Regulation Proceeds of Crime and Anti-money Laundering (Criminal Asset Recovery Fund) Regulations, 2023
Request for comments - The Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on the Suppression of Terrorism) Regulations, 2023

Following the passage of the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act, 2023, which commenced operation on 15th September, 2023, the Ministry of Interior and National Administration has proposed amendments to the Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on Suppression of Terrorism) Regulations, 2022. We are now inviting Government Agencies, relevant stakeholders, and members of the general public to submit their comments on the Draft Regulations. The documents can be downloaded from the Link Below;
a.) DRAFT PREVENTION OF TERRORISM (IMPLEMENTATION OF THE UNITED NATIONS SECURITY COUNCIL RESOLUTIONS ON SUPPRESSION OF TERRORISM) REGULATIONS, 2023
b.) Public Notice
c.) Template for comments on the Draft POTA Regulations, 2023
Request for Comments - POCAMLA Draft Regulations

Following the passage of the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act, 2023, which commenced operation on 15th September 2023, the National Treasury and Economic Planning has proposed amendments to the Proceeds of Crime and Anti-Money Laundering Regulations, 2013. We are now inviting Government Agencies, relevant stakeholders, and members of the general public to submit their comments on the Draft Regulations. The documents can be downloaded from the Link Below;

a.) DRAFT PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING REGULATIONS, 2023
b.) Public Notice
c.) Template for comments on POCAMLA, Regulations, 2023
Request for Comments-Real Estate Guidance

As part of its supervision of the real estate sector, the Centre has developed the AML/CFT Guidance for Real Estate Agencies, in 2023. We are now inviting real estate agencies, relevant stakeholders, and members of the general public to submit their comments on the Guidance. The documents can be downloaded from the Link Below;

a.) DRAFT AML CFT GUIDANCE FOR REAL ESTATE AGENCIES

b.) Public Notice

c.) Template for comments on real estate guidelines
Extension of Registration deadline

Following the directive issued on 5th September 2023 requiring SACCOs regulated by SACCO Societies Regulatory Authority (SASRA), Casinos (including internet casinos), Real Estate Agencies, Accounting firms, Forex Bureaus and Life Insurance Brokers to register with the FRC by 15th September 2023, the FRC has received numerous requests for extension of the deadline to allow for compliance with the directive. After due consideration, the FRC hereby extends the registration deadline for the categories of reporting institutions above mentioned to 2 nd October 2023.

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