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Objectives:

The Financial Reporting Centre (FRC) (Kenya’s Financial Intelligence Unit) is established by Section 21 of POCAMLA. It is an independent body whose principal objective is to assist in the identification of the proceeds of crime and combating money laundering.

The other objectives of the FRC are to:

  • Make information collected by it (FRC) available to investigating authorities and supervisory bodies to facilitate the administration and enforcement of the laws of Kenya;
  • Ensure compliance with international standards and best practice in anti-money laundering measures;
  • Exchange information on money laundering activities and related offences with similar bodies in other countries.

 

FRC’s Powers and Functions

Under POCAMLA, the FRC has extensive functions and powers. These include:

  1. Implementation of registration system for Reporting Institutions;
  2. Receipt and analysis of reports of unusual or suspicious transactions and cash transaction reports made by Reporting entities as well as cash declaration forms received from border points;
  3. Dissemination of Reports received under the Act to appropriate law enforcement authorities or other supervisory body for further handling;
  4. Undertaking inspection and supervision of reporting institutions to ensure compliance with AML/CFT reporting obligations as prescribed in POCAMLA;
  5. Facilitating exchange of information on money laundering activities with other financial intelligence units in other countries;
  6. Formulating policies on anti-money laundering in consultation with the Board.
  7. Developing AML/CFT Regulations to provide guidance to support implementation of the Act;
  8. Developing AML/CFT training programs for reporting institutions.
  9. Compiling of statistics and records;
  10. Dissemination of information within Kenya or elsewhere, and make recommendations arising out of any information received;
  11. Issuing guidelines to reporting institution and advising the Minister;
  12. Creation and maintenance of a database of all reports of suspicious transactions, related Government information and such other materials as the Director may from time to determine to be relevant to the work of the Centre.

Highlights

  • Public Notice - Amendments to entries in the ISIL(DA'ESH) & AL-QAEDA Sanctions List

    Amendments to entries in the ISIL(DA'ESH) & AL-QAEDA Sanctions List

     
  • Draft Proliferation Financing 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 is conducting public participation on the draft Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on the Prevention, Suppression and Disruption of Proliferation Financing) Regulations, 2023. Government Agencies, relevant stakeholders and members of the general public are invited to submit their comments on the Draft Regulations. The documents can be downloaded from the Link Below:

                   a. draft Proliferation Financing Regulations, 2023

                   b. Template for Comments - Draft Proliferation Financing Regulations, 2023

                   c. PUBLIC PARTICIPATION NOTICE - PF REGULATIONS

     

     
  • AML/CFT Guidance for Casinos

    As part of its supervision of the casino sector, the Centre has developed the AML/CFT Guidance for the sector. We are now inviting all relevant stakeholders and members of the general public to submit their comments on the Guidance. Please see below;

    - AML/CFT Guidance for the Casino sector
    - The public notice inviting comments
    - Template for submission of comments and the draft guidance.

    Submissions to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. by 5 PM on 27th October,2023.

     
  • 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

     
  • Mutual Evaluation Report For KENYA

    Kenya’s Mutual Evaluation Report (MER) was adopted by the ESAAMLG Council of Ministers in September 2022 at its meeting in Livingstone, Zambia and subsequently published on the ESAAMLG website on November 11, 2022. The MER summarises the AML/CFT/CPF regime in the country also provides recommendations on how the country’s AML/CFT/CPF regime can be strengthened. A copy of the MER can be downloaded here.

     

International Organizations

Contacts

User: Director General 
 Address: Old Mutual Tower 13th Floor,
      Upper Hill Road,
     
P.o.Box Private Bag - 00200,
     Nairobi Kenya

 

  

Phone: 254  709 858000
Phone: http://www.frc.go.ke
 FRC Kenya @FRC_Kenya