ADVOKS GLOBAL · KENYA
Estate Agents Act
29. Penalties for violations relating to money laundering and terrorism financing
Edition: 2025-06-20 · In force
29. Penalties for violations relating to money laundering and terrorism financing
(1)No member of a reporting institution 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.