ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
24C. Disclosure in writing
Edition: 2025-11-04 · In force
24C. Disclosure in writing
(1)Where a reporting institution fails to comply with the provisions of this Act, the Centre may, for reasons disclosed in writing—(a)issue a warning to a specified person or reporting institution; or(b)issue an order requiring a specified person or reporting institution to comply with any specific instruction or direction issued by the Centre;(c)issue an order barring an individual or individuals from employment within the specified reporting institution whether entirely or in a specified capacity;(d)issue an order to a competent supervisory authority requesting the suspension or revocation of a license, registration, permit or authorization of a specified reporting institution whether entirely or in a specified capacity or of any director, principal, officer, agent or employee of the reporting institution.(2)Before taking administrative action imposed against any person or reporting institution under this section, the Centre shall give the person or reporting institution a written notice of not less than fourteen days requiring the person or institution to show cause as to why the prescribed administrative action should not be taken.