ADVOKS GLOBAL · KENYA
Law Society of Kenya Act
4A. Powers on anti-money laundering and combating the financing of terrorism
Edition: 2023-09-15 · In force
4A. Powers on anti-money laundering and combating the financing of terrorism
(1)Pursuant to section 36A of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A), the Society shall regulate, supervise and enforce compliance for anti-money laundering, combating the financing of terrorism and countering proliferation financing for lawyers, notaries and other legal professionals.(2)In undertaking its mandate under subsection (1), the Society may—(a)conduct onsite inspection;(b)compel the production of any document or information the Society may require for the purpose of discharging its supervisory mandate under the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A);(c)impose monetary, civil or administrative sanctions for violations relating to anti-money laundering, combating the financing of terrorism and countering proliferation financing purposes;(d)issue regulations, guidelines, directions, rules or instructions for anti-money laundering, combating the financing of terrorism and countering proliferation financing purposes;(e)cooperate and share information for anti-money laundering, combating the financing of terrorism and countering proliferation financing purposes; and(f)take such action as is necessary to supervise and enforce compliance by lawyers, notaries and other legal professionals with the provisions of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A) and any regulations, guidelines, rules, instruction or direction made or issued thereunder.(3)The provisions of this section shall come into effect six months from the date of commencement of this section.