The Financial
Reporting Centre (FRC) has announced a vacancy for the position of
Director General as the government intensifies efforts to strengthen
institutions tasked with fighting financial crimes.
In a notice
published August 5, the Anti-Money Laundering Advisory Board (AMLAB)
said it is seeking a dynamic, visionary, and ethical leader to head
the agency.
The agency is
country’s lead institution in the fight against money laundering
and financing of terrorism.
FRC was established
under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA),
2009.
Its mandate is to
detect and deter financial crimes by tracking illicit money flows,
supporting investigations, and ensuring compliance with national and
international anti-money laundering standards.
The successful
candidate will be appointed for a single six-year term.
“The successful
candidate will lead the centre on the execution of its mandate,”
reads the notice.
The ideal applicant
should possess a proven record of integrity, professionalism, and
commitment to public service.
Applications should
be submitted in a plain sealed envelope, clearly marked with the job
reference number FRC 1/2025, and addressed to the Anti-Money
Laundering Advisory Board (AMLAB) chairperson.
The deadline for
applications is Monday, August 25, 2025 at 5pm.
Interested and
qualified candidates are advised to visit the FRC website at
www.frc.go.ke for detailed requirements and qualifications.
The new DG/CEO will
replace Saitoti Kimerei Maika, who has held the position since 2020.
The vacancy comes at
a time when the country is stepping up efforts to curb the flow of
illicit funds.
Just a month ago,
President William Ruto assented to the Anti-Money Laundering and
Combating of Terrorism Financing Laws (Amendment) Bill, 2025.
The new law is designed to strengthen the country’s framework
for tackling money laundering, terrorism financing, and proliferation
financing.
Its enactment represents a decisive step in bolstering the
country’s financial system against illicit financial flows.
The amended law seals long-standing loopholes that have enabled
the misuse of property transactions and shell companies for illegal
financial activities.
These legal reforms reaffirm Kenya’s standing as a leader in
financial integrity and enhance the country’s credibility in the
global regulatory regime.
Initially passed on April 16, 2025, the Bill was returned to
Parliament by President Ruto with reservations.
It was passed a second time by the National Assembly on June 3,
2025, with amendments that fully addressed the President’s
concerns.
Some 10 Acts of Parliament were amended to address technical
compliance deficiencies flagged by the Eastern and Southern Africa
Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task
Force (FATF).
The amended laws are: The Proceeds of Crime and Anti-Money
Laundering Act (Cap. 59A); the Prevention of Terrorism Act (Cap.
59B); the Betting, Lotteries and Gaming Act (Cap. 131); the
Retirement Benefits Act (Cap. 197); the Mining Act (Cap. 306); the
Sacco Societies Act (Cap. 490B); the Accountants Act (Cap. 531); the
Estate Agents Act (Cap. 533); the Certified Public Secretaries of
Kenya Act (Cap. 534); and the Public Benefits Organizations Act (No.
18 of 2013).
The introduction of enhanced regulatory clarity and oversight in
sectors such as real estate and mining is expected to significantly
boost investor confidence and attract foreign direct investment.
Additionally, stronger regulation will help broaden the tax base
and support domestic revenue mobilisation by formalising more players
in the economy.
The leadership at
the FRC is seen as critical in steering reforms and supporting
enforcement agencies in the country’s broader anti-corruption
agenda.
