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The Proceeds of Crime and Anti-Money Laundering Act empowers the Director, 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 has reasonable grounds to suspect that the transaction is suspicious.

The Financial Reporting Centre shares intelligence with the Assets Recovery Agency, which is created by the Proceeds of Crime and Anti-Money Laundering Act as a semi-autonomous body under the office of the Attorney-General.

 

DRAFT PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING (CRIMINAL ASSETS RECOVERY FUND) (ADMINISTRATION) REGULATIONS, 2019

Download Public Notice

Download Regulations

Download Template for receiving comments

Nairobi, 10th September, 2019

Section 4 (a) of the Statutory Instrument Act, 2013 provides that “the object of this Act is to provide a comprehensive regime for the making, scrutiny, publication and operation of statutory instruments by requiring regulation-making authorities to undertake appropriate consultation before making statutory instruments”. In addition, Section 5 (3) of the Statutory Instrument Act, 2013 states that “without limiting by implication the form that consultation referred to in subsection (1) might take, the consultation shall—

a. involve notification, either directly or by advertisement, of bodies that, or of organizations representative of persons who, are likely to be affected by the proposed instrument; or
b. invite submissions to be made by a specified date or might invite participation in public hearings to be held concerning the proposed instrument”.

In this regard, the National Treasury has finalized preparing the Proceeds of Crime and Anti-Money Laundering (Criminal Assets Recovery Fund) (Administration) Regulations, 2019. These Regulations have been posted to the National Treasury website www.treasury.go.ke, and the Assets Recovery Agency website http://frc.go.ke/assets-recovery-agency.html.


Pursuant to Section 4 (a) and 5 (3) (a) and (b) of the Statutory Instrument Act, 2013, the National Treasury invites interested members of the public to submit any comments or inputs or memoranda they may have on the said Regulations in the format provided on the website. The comments or inputs or memoranda may be forwarded to the Principal Secretary, National Treasury, P.O. Box 30007-00100, Nairobi; hand delivered to the Office of the Principal Secretary, National Treasury Building, Nairobi; or emailed to This email address is being protected from spambots. You need JavaScript enabled to view it., to be received by Wednesday 25th September, 2019 at 5.00 pm.

JULIUS M. MUIA, PHD, EBS
PRINCIPAL SECRETARY/NATIONAL TREASURY

 

 

 

For more information on the Assets Recovery Agency, please visit the Office of The Attorney General and Department of Justice website at this link.

 

Highlights

  • Tender for procurement of Supply and Delivery of Security Licenses and Support

    15 October 2019

    Tender for procurement of Supply and Delivery of Security Licenses and Support. Obtain details and documents in Tenders and Downloads sections of the website.

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Contacts

User: Director General
Address: UAP Towers Upper Hill, 29th Floor,
      P.o.Box Private Bag - 00200
Nairobi
      Kenya
Email: info.frc@centralbank.go.ke
Phone: 254-0709 858000
Phone: http://www.frc.go.ke