Mandate
The Financial Reporting Centre (FRC, or the Centre) is a Government institution created by the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) 2009, with the principal objective being to assist in the identification of the proceeds of crime and the combating of money laundering.
The Prevention of Terrorism Act (POTA) 2012 also mandates the Centre with the fight against financing of terrorism. The Centre started operations in April 2012.
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
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
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
c.) Template for comments on real estate guidelines
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.
To protect the integrity of our financial system and contribute to the safety of our citizens through deterrence of money laundering and terrorist financing.
To be the leader in financial intelligence works in the region and be recognized worldwide as an FRC that adheres to international standards
Integrity, Creativity, Teamwork, Profesionalism, Exellence