ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
36C. Powers of supervisory bodies
Edition: 2025-11-04 · In force
36C. Powers of supervisory bodies
(1)Without prejudice to the provisions of section 36A, a supervisory body shall have powers—(a)to supervise, monitor and ensure compliance with anti-money laundering, combating terrorism financing and countering proliferation financing requirements under this Act by reporting institutions regulated or supervised by it;(b)to conduct anti-money laundering, combating terrorism financing countering proliferation financing and inspections of reporting institutions regulated or supervised by it;(c)to compel production of any information or document relevant to monitoring compliance with the anti-money laundering, combating terrorism financing and countering proliferation financing requirements of reporting institutions regulated or supervised by it;(d)to issue guidelines, directions or rules for combating anti-money laundering, combating terrorism financing and countering proliferation facing purposes to reporting institutions regulated or supervised by it;(e)through their respective legislation, to impose both monetary and administrative sanctions upon reporting institutions regulated or supervised by it for failure to comply with the anti-money laundering, combating terrorism financing and countering proliferation financing requirements; and(f)where applicable to undertake consolidated supervision for anti-money laundering, combating terrorism financing and countering proliferation financing purposes of a reporting institution and its group.