ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
24B. Powers of the Centre to impose civil penalties for non-compliance
Edition: 2025-11-04 · In force
24B. Powers of the Centre to impose civil penalties for non-compliance
(1)Without derogating from any criminal penalty or other sanction that may be imposed by this Act, where a person or a reporting institution is in breach of, or fails to comply with the requirements of this Act any instruction, direction or rules issued guidelines issued by the Centre under this Act—(a)in the case of a natural person, a person shall be liable to a monetary penalty not exceeding five million shillings;(b)in the case of a corporate body, the corporate body shall be liable to a monetary penalty not exceeding twenty-five million shillings;(c)in the case of continued failure, the person or reporting institution shall be liable to an additional monetary penalty of ten thousand shillings per day on which such failure continues for a maximum period of one hundred and eighty days.(2)Before imposing a monetary penalty on any person or reporting institution under this section, the Centre shall give not less than fourteen days notice in writing, requiring the person or reporting institution to show cause as to why the prescribed monetary penalty should not be imposed.(3)Where a monetary penalty is prescribed under this section, such penalty shall-(a)be paid to the Centre and form part of the funds of the Centre;(b)be paid within fourteen days, unless otherwise stated; and(c)where a person or reporting institution fails to pay the monetary penalty within the prescribed time, the Centre may take such other action as the Centre may deem necessary in accordance with this Act.(4)A monetary penalty imposed on a person under this section shall be a debt due to the Centre and shall, after it becomes due be recoverable at any time through proceedings in a court of competent jurisdiction.