Ethics & Anti-Corruption Commission

The Proceeds of Crime and Anti-Money Laundering Act empowers the Director General, Financial Reporting Centre to send reports received under the Act to the appropriate law enforcement authorities, any intelligence agency, or any other appropriate supervisory body for further handling if, having considered the report, the Director General has reasonable grounds to suspect that the transaction is suspicious.

The Financial Reporting Centre disseminates reports to and shares intelligence with Ethics and Anti-Corruption Commission particularly on crimes relating corruption, etc.

For more information on the Ethics and Anti-Corruption Commission, please visit their website at this link.

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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