EYEY

Kenya's new anti-money laundering law adds compliance obligations for companies, branches, limited liability partnerships and foreign LLPs

|Tax Alerts, Information Reporting, Legis ...|Kenya
Kenya

  • The newly enacted Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act, 2023 has introduced extensive disclosure obligations for companies, branches, limited liability partnerships (LLPs) and foreign LLPs.
  • Private companies with a paid-up capital of less than KES* 5,000,000 (approximately US$33,758) are now mandated to appoint either a company secretary, a resident direct…

Continue Reading