ADVOKS GLOBAL · KENYA
Proceeds of Crime and Anti-Money Laundering Act
54A. Funds of the Agency
Edition: 2025-11-04 · In force
54A. Funds of the Agency
(1)The National Assembly shall allocate adequate funds to the Agency to enable the Agency perform its functions under this Act and any other written law and the budget shall be a separate vote.(2)The funds of the Agency shall consist of—(a)monies provided for by Parliament for the purposes of the Agency;(b)not more than five percent of the total proceeds recovered or realized from any property seized or forfeited to the Government, as may be prescribed by the Cabinet Secretary;(c)such monies or assets as may accrue to the Agency in the course of the exercise of its powers or the performance of its functions under this Act; and(d)all monies from any other source provided, donated or granted to the Agency towards the achievement of the objects of the Agency.(3)The Agency shall not accept any grant, gift, donation or bequests made on condition that the Agency performs any function or discharges any duty or obligation other than duties under the Constitution or this Act.(4)The Agency shall disclose any grants, gifts, donations or bequests made to it in each financial year.(5)The Agency Director-General shall, subject to the law, be charged with the responsibility of accounting for state monies received or paid out or on account of the Agency.(6)The receipts, earnings or accounts of the funding and balance of the funding at the close of each financial year, shall not be paid into the Consolidated Fund, but shall be retained for the purposes of the Agency.