Kenya - 2020 - Finance

The Insurance (Anti-Money Laundering and Combating of Terrorism) Guidelines

Kenya, The National Treasury and Planning

The objective of these guideline is to address prevent money laundering and the financing of terrorism in the insurance sector. The document highlights: the responsibility of the money laundering and reporting officers; operational controls to prevent money laundering and the financing of terrorism; compliance policy; staff policy; customer due diligence; information of natural person, legal person, partnership and trusts; high-risk customers and other related matters.

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The Insurance (Anti-Money Laundering and Combating of Terrorism) Guidelines Current Version

January 2022

The objective of these guideline is to address prevent money laundering and the financing of terrorism in the insurance sector. The document highlights: the responsibility of the money laundering and reporting officers; operational controls to prevent money laundering and the financing of terrorism; compliance policy; staff policy; customer due diligence; information of natural person, legal person, partnership and trusts; high-risk customers and other related matters.

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