Regulatory Alerts2016-08-12 | 1473716485Banking Circular No 3 of 2016 - Implementation of Communications on Specified Entities
The circular issued by the Central Bank of Kenya instructs commercial banks and mortgage finance companies to freeze all accounts and funds related to a specified list of entities, including Al-Shabaab and Al-Qaeda, and to cease providing financial services to these entities. Institutions must comply with the Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on Suppression of Terrorism) Regulations, 2013, and file suspicious transaction reports with the Financial Reporting Centre. The circular emphasizes the importance of updating the Central Bank on actions taken within 48 hours.
Haile Selassie Ave P.O. Box 60000-00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 July 27, 2016 BANKING CIRCULAR NO. 3 OF 2016 TO ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS AND MORTGAGE FINANCE COMPANIES IMPLEMENTATION OF COMMUNICATION ON SPECIFIED ENTITIES BY COUNTER FINANCING OF TERRORISM INTER-MINISTERIAL THE COMMITTEE ON 14 TH MARCH 2016 In exercise of the powers conferred pursuant to the Prevention of Terrorism Act, 2012 and the attendant Regulations, the Counter Financing of Terrorism Inter-Ministerial Committee has issued the attached list of specified entities.
The purpose of this circular is to forward the attached list of specified entities pursuant to the Prevention of Terrorism Act and the attendant Regulations for your information and action. As stipulated under Regulations 11(3) and 12 of the Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on Suppression of Terrorism) Regulations, 2013, you should immediately freeze all accounts including funds in transit for, and properties held by the specified entities and to cease the provision of financial services to the specified entities.
All institutions are instructed to fully comply with the provisions of the Prevention of Terrorism (Implementation of the United Nations Security Council Resolutions on Suppression of Terrorism) Regulations, 2013 including Regulation 12(1)(b), which requires you to file a suspicious transaction report with the Financial Reporting Centre (FRC) in accordance with section 44 of the Proceeds of Crime and Anti- Money Laundering Act, 2009. Institutions should also update the Central Bank on the actions taken within 48 hours of this circular.
In case of any query or clarification, please contact: The Director Bank Supervision Department Central Bank of Kenya P.O. Box 60000 - 00200 NAIROBI Tel: 2863005 Email: fin@centralbank.go.ke
GERALD NYAOMA DIRECTOR, BANK SUPERVISION Cc. Chief Executive Officer Kenya Bankers Association 13th Floor, International Life House Mama Ngina Street NAIROBI
Special Issue The Kenya Gazette
Published by Authority of the Republic of Kenya (Registered as a Newspaper at the G.P.O.) Vol. CXVIII-No. 25 NAIROBI, 14th March, 2016 GAZETTE NOTICE No. 1618 THE PREVENTION OF TERRORISM ACT (No. 30 of 2012) DECLARATION OF SPECIFIED ENTITIES IN EXERCISE of the powers conferred by section 3 (3) of the Prevention of Terrorism Act, the Cabinet Secretary for Interior and Co-ordination of National Government declares the following entities to be specified entities for purposes of the Act: Al-Shabaab l.
Al-Qacda Boko Haram 3.
Islamic State of Iraq and Syria (ISIS) 4.
Mombasa Republican Council (MRC) 5.
Mohamed Kuno Dulyadeen alias Gamadhere Abdifatah Abubakar Abdi alias Muhajir 7.
Ahmed Iman Ali alias Abu Zunira 8.
Faud Abubakar Abdi alias Faud Manswab 9.
Erick Achayo Ogada alias Ibra Salim Erico 10.
Abdikadir Mohamed Abdikadir alias Ikrima II.
Maalim Abbas Guyo 12.
Dated the 14th March, 2016.
JOSEPH NKAISSERY.
Cabinet Secretary for Interior und Co-ordination of National Government.
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