ADVOKS GLOBAL · KENYA
Prevention of Terrorism Act
42A. Role of the Financial Reporting Centre, supervisory bodies and self-regulatory body
Edition: 2025-06-20 · In force
42A. Role of the Financial Reporting Centre, supervisory bodies and self-regulatory body
(1)The Financial Reporting Centre, supervisory bodies and self-regulatory body shall have the power to—(a)supervise and enforce the application of preventative measures to combat the financing of terrorism and combat the financing of proliferation acts by reporting institutions;(b)supervise and enforce the implementation of targeted financial sanctions by reporting institutions.(2)For the purpose of this section—(a)“preventative measures” include measures under Part IV of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A);(b)“supervisory body” has the meaning assigned to it under section 2 of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A);(c)“self-regulatory body” has the meaning assigned to it under section 2 of the Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A);(d)“targeted financial sanctions” means both assets freezing and prohibitions to prevent funds or other assets from being made available directly or indirectly for the benefit of designated persons and entities.