FINANCIAL REPORTING CENTRE TENDER SEPTEMBER 2023 

DIRECTIVE TO REGISTER WITH THE FINANCIAL REPORTING CENTRE 

The Financial Reporting Centre (FRC) is established under Section 21 of the Proceeds of Crime and
Anti-Money Laundering Act, 2009 (POCAMLA) with the principal objective being to assist in the identification
of proceeds of crime and the combating of money laundering and terrorism financing.
Section 36A of the Proceeds of Crime and Anti-Money Laundering Act, 2009 (POCAMLA) designates the
Centre as the supervisor of all reporting institutions for the purpose of implementing the provisions of the
POCAMLA and the Proceeds of Crime and Anti-Money Laundering Regulations 2013 (POCAMLA Regulations).
Reporting institutions are financial institutions and designated non-financial business professions
(DNFBPs) as defined in the Act. All reporting institutions are required to comply with the obligations of
POCAMLA, among others registration with the Centre in accordance with Section 47A of the POCAMLA.
In pursuit of its principal objectives, the Centre wishes to remind the following reporting institutions of their
obligation to register with FRC:
1. SACCOs regulated by SACCO Societies Regulatory Authority (SASRA)
2. Casinos (including internet casinos)
3. Real Estate Agencies
4. Accounting firms
5. Forex Bureaus
6. Life Insurance Brokers
Registration is online via the goAML platform using the link https://goAML.frc.go.ke. Guidelines on
registration and further information can be accessed on the FRC website www.frc.go.ke. Registrations
with FRC should be submitted on the goAML platform by or before 15th September 2023. In case of any
challenges with the system, contact us through the Helpdesk on 0709 858 311 or goamlhelpdesk@frc.go.ke.
For queries on the registration process, engage the Centre through the email compliance@frc.go.ke.
TAKE NOTE that failure to register with the FRC constitutes an offence pursuant to Section 47A (5) of
POCAMLA and the Centre will proceed to take action including issuing administrative and/or civil penalties,
issuance of an order to a supervisory body and other relevant Authorities requesting the suspension or
revocation of licenses, registration, permit or authorization for any reporting institution that fails to comply
with this directive.
DIRECTOR GENERAL
FINANCIAL REPORTING CENTRE

 

 

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