Ladies and Gentlemen; The Central Bank of Kenya is mandated to foster the financial integrity of the financial system in the country. The Bank has continually enhanced the regulation and supervision of the financial system in order to improve the sector’s integrity. As part of our efforts in ensuring appropriate and effective oversight, the central bank first issued AML Guidelines in 2000.
These Guidelines were revised in 2006 and are currently in the process of being reviewed to reflect the prevailing international best practice and to align them with the proceeds of Crime and Anti-Money Laundering Act, 2009 (POCAMLA). Over the last two years, the Central Bank has issued regular AML/CFT guidelines to financial institutions to further support and enhance the implementation of POCAMLA.