2018-03-26

Guidance Note on Conducting Money Laundering/ Terrorism Financing Risk Assessment

The Central Bank of Kenya's Guidance Note provides instructions for financial institutions to assess money laundering and terrorism financing risks. It outlines the minimum standards for developing an effective risk assessment framework, with a focus on governance, controls, and specific risk factors. The process involves identifying and analyzing risks associated with products, services, customers, and geographic locations, and evaluating the institution's AML/CFT compliance program. The results should be reported to senior management, the board, and the Central Bank of Kenya.

Kenya

Central Bank of Kenya

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