ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
24A. Instructions or directions
Edition: 2025-11-04 · In force
24A. Instructions or directions
(1)The Center may issue such instructions, directions, guidelines or rules to reporting institutions as it may consider necessary for the better carrying out of its functions under this Act or regarding the application of this Act.(2)Any instructions, directions, guidelines or rules issued under this section may—(a)be either general or special;(b)be revoked or varied by subsequent instructions, directions, guidelines or rules;(c)be given to such persons and in such manner as may be considered appropriate by the Centre.(3)The Center may, where it deems appropriate, delegate powers to a supervisory body to issue instructions, directions, guidelines or rules regarding the application of this Act to reporting institutions regulated or supervised by the supervisory body:Provided that a supervisory body shall consult the Centre prior to issuing any instructions, directions, guidelines or rules under this section.(4)Notwithstanding subsections (1), (2) and (3), the Centre or a supervisory body may in writing, direct any reporting institution to which the provisions of this Act applies, to—(a)provide the Center or that supervisory body, as the case may be—(i)with the information reports or statistical returns specified in the notice, at the time or at the intervals specified in the notice; and(ii)within the period specified in the notice, with any document in its possession or custody or under its control;(b)cease or refrain from engaging in any act, omission or conduct in contravention of this Act;(c)perform such act as may be necessary to remedy alleged non-compliance with this Act; or(d)perform such act as may be necessary to meet any obligation imposed by this Act.(5)The Centre or a supervisory body may examine a document submitted to it in terms of subsection (4)(a) and may make a copy thereof or of part thereof.