ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
47. Obligation to establish and maintain internal reporting procedures
Edition: 2025-11-04 · In force
47. Obligation to establish and maintain internal reporting procedures
A reporting institution shall establish and maintain internal controls and internal reporting procedures to—(a)identify persons to whom an employee is to report any information which comes to the employee’s attention in the course of employment and which gives rise to knowledge or suspicion by the employee that another person is engaged in money laundering and proliferation financing;(b)enable any person identified in accordance with paragraph (a) to have reasonable access to information that may be relevant in determining whether a sufficient basis exists to report the matter under section 44 (2); and(c)require the identified person in paragraph (a) to directly report the matter under section 44(2) in the event that he determines that sufficient basis exists.