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FRC Kenya background | FRC Kenya
  • Background

     Background

    Prior to the enactment of the Proceeds of Crime and Anti-Money Laundering Act in December 2009, Anti-Money Laundering initiatives in the country were spearheaded by the National Taskforce on Anti-Money Laundering and Combating the Financing of Terrorism (NTF). The NTF is a multi-disciplinary Taskforce comprising various government ministries, agencies and departments and was established through a gazette notice in 2003. Kenya’s Anti-Money Laundering regime is largely contained in The Proceeds of Crime and Anti-Money Laundering Act, 2009 (POCAMLA).