ADVOKS GLOBAL · KENYA
Betting, Lotteries and Gaming Act
29B. Penalties for violations relating to money laundering and terrorism financing
Edition: 2025-06-20 · Repealed
29B. Penalties for violations relating to money laundering and terrorism financing
(1)No director, officer, employer, agent or any other person in the company shall violate or fail to comply with the regulations, guidelines, directions, rules or instructions issued for anti-money laundering, combating the financing of terrorism and countering proliferation financing purposes.(2)A person who violates or fails to comply with the provisions of subsection (1) shall be liable—(a)in case of a legal person, to a penalty not exceeding five million shillings;(b)in the case of a natural person, to a penalty not exceeding one million shillings; and(c)to additional penalties not exceeding one hundred thousand shillings in each case for each day or part thereof during which such violation or non-compliance continues.