Has Kenyan AML regulation achieved its goals?

The introduction of the Proceeds of Crime and Anti-Money Laundering (Amendment) Act 2017 in Kenya was designed to reduce vulnerabilities in money laundering and financial fraud. Two years on Fiserv, in partnership with moData, take a look at whether the regulation has achieved its aims, what it really means for financial institutions and insurers, along with whether risk reduction has actually been achieved?

You are invited to join our upcoming webinar on 22 January at 15:00 EAT to hear thought leaders address:

  • The impact of the Proceeds of Crime and Anti-Money Laundering (Amendment) Act, 2017 on financial institutions and insurers in Kenya and how it is changing the industry
  • The core principles of effective KYC and AML best practice
  • Recommendations on how you can improve your anti-money laundering strategy and fraud protection measures offered to your customers that will enable you to stay one step ahead of financial criminals.

About the Experts

Andrew Davies
VP, Global Market Strategy, Financial Crimes Risk Management, Fiserv

25 years’ experience in financial services and risk management with particular focus on AML, fraud, risk management, settlement risk and payment processing. Responsible for working with Fiserv customers around the world to design and deploy effective financial crime risk management solutions.
Experience working for and with organisations like Nomura, The Federal Reserve Bank of New York, the Continuous Linked Settlement Bank, ING, Sun Life, Manulife Financial, Citizens Bank, Deutsche Bank and the Bank of Tokyo-Mitsubishi among others.

Phil Boyall
Senior Client Manager, Sub-Saharan Africa, Fiserv

After 35 years’ experience in banking in the UK, Europe and Sub-Saharan Africa, Phil joined Fiserv 18 months ago to manage Fiserv’s existing clients and grow the client base using AML and Fraud solutions as well as Reconciliation and Physical Cash Supply Chain Forecasting and Device Management. Phil is based in Johannesburg, co-located with moData, Fiserv’s accredited distributor for the region.