COURSE DESCRIPTION

The global financial ecosystem continues to evolve rapidly, bringing with it new opportunities as well as heightened risks of financial crime. Money laundering remains one of the most pressing challenges in safeguarding the integrity of the financial system. In response, national and international regulatory regimes are undergoing significant reforms to address vulnerabilities, particularly those arising from digital transformation, cross-border transactions, and opaque corporate structures.

 This course is designed to provide participants with a comprehensive and practical understanding of emerging trends in Anti-Money Laundering (AML) law and practice, with a strong emphasis on Kenya’s regulatory framework in the context of international standards such as the Financial Action Task Force (FATF) Recommendations. Through case studies, interactive discussions, and expert-led sessions, participants will gain the knowledge and tools to effectively address evolving AML risks, strengthen compliance mechanisms, and contribute to national and institutional efforts in combating financial crime.

TARGET AUDIENCE

·       Advocates and in-house counsel involved in regulatory compliance and advisory work;

·       Compliance officers, risk managers, and internal auditors in financial and non-financial institutions;

·       Company secretaries, accountants, and auditors with AML responsibilities;

·       Relevant officers working with Central Bank of Kenya, commercial banks, micro-finance institutions and other financial institutions;

·       Relevant persons working in real estate development;

·       Fintech professionals, digital payment service providers, and virtual asset service providers;

·       Policy makers, regulators, and enforcement officers from government agencies and oversight bodies;

·       Professionals in governance, ethics, and corporate responsibility.

TRAINING FOCUS

The course will focus on the following key topics:

·       Kenya’s AML/CFT Legal Framework – The course will analyze POCAMLA and its amendments, highlight the roles of FRC, CBK, CMA, SASRA, and DCI, and review recent enforcement actions and jurisprudence.

·      Global and Regional AML Developments – Participants will explore the evolution of FATF standards, mutual evaluation processes, and recent ESAAMLG assessment trends.

·       Digital Economy and Emerging Risks – Attention will be given to cryptocurrencies, virtual assets, mobile money, digital wallets, cross-border e-payments, and the link between AML, data protection, and cybersecurity.

·       Beneficial Ownership and Transparency – Participants will examine UBO disclosure requirements, the misuse of corporate vehicles, trusts, and shell companies, and compliance with BRS obligations.

·       Risk-Based Approaches to CDD/KYC – The training will address innovations in due diligence, adoption of technology-driven KYC tools, and obligations in suspicious transaction monitoring and reporting.

·      Investigations, Enforcement, and Prosecutions – Focus will be placed on inter-agency collaboration, asset tracing and confiscation, and judicial approaches to evidentiary challenges in AML cases.

·       Corporate Governance and Ethics in AML Compliance – The sessions will emphasize building a compliance culture, defining the role of boards and professional gatekeepers, and addressing ethical dilemmas.

·     Cross-Border Cooperation and Global Coordination – Participants will study international treaties, conventions, and mechanisms for information exchange, mutual legal assistance, and public-private partnerships.

COURSE OUTCOME

By the end of the course, the participant will be able to: 

·       Interpret and apply Kenya’s AML/CFT laws within the broader international framework;

·       Recognize and address AML risks arising from new technologies and business models;

·       Implement robust AML compliance systems aligned with risk-based principles;

·       Provide informed legal, compliance, and governance advice to institutions and clients;

·       Support investigations and enforcement by understanding evidentiary and procedural requirements;

·       Promote transparency and accountability in corporate structures and financial systems.

COURSE FEE

The cost of the course is Kes. 95,000 inclusive of VAT and registration fee (covers tuition fees, course materials, stationery, lunch and refreshments). Non-East Africans to pay USD 1000.

Money should be deposited in the School’s account: (Account No. 202 2029 110 ABSA Bank of Kenya, Absa Bank Kenya PLC, Plaza Branch, Nairobi, Kenya) and the bank slip or evidence of electronic funds transfer presented to the Finance Office.

CPD POINTS

Members of the Law Society of Kenya who attend and complete the training will be entitled, on payment of extra 1,000.00 to be awarded 3 CPD points. Payment of this sum shall be effected during the training, as will be directed by the organizers of the training.

APPLICATION PROCESS

All applicants should apply through the online application platform on the KSL website;

https://services.ksl.ac.ke/web/login .  After application, participants will receive a link to the training.

CONTACT DETAILS

For any queries, contact:
1.  cpd@ksl.ac.ke or cmwanza@ksl.ac.ke or jacqueline@ksl.ac.ke 

ISAAC KULOBA

For DIRECTOR / CHIEF EXECUTIVE OFFICER

Theme: Anti- Money Laundering Law & Practices.

CPD Points: 3