Jain Joseph

About Jain Joseph

Kenyan financial institutions are under more scrutiny to stop illegal financial activity in the rapidly changing financial landscape of today. To ensure compliance, preserve public confidence, and protect the financial system from abuse, a robust framework for combating the financing of terrorism (CFT) and Anti-money laundering (AML) must be developed. A thorough risk assessment is the first step in an efficient AML & CFT framework. Potential money laundering and terrorism financing risks in their operations, goods, services, and clientele must be recognised and examined by financial institutions. In accordance with the Central Bank of Kenya’s guidelines and Kenya’s Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), this aids in prioritising controls where threats are most serious. Thorough CDD Procedures and Continuous AML/CFT Surveillance