Banks & Microfinance Institutions

Outcome-driven compliance solutions tailored for banks & microfinance institutions in Kenya.

Sector Overview

Compliance, made fit-for-purpose

Banks and microfinance institutions in Kenya face stringent AML/CFT/CPF requirements from the Central Bank of Kenya. We support these institutions build and maintain compliance frameworks that satisfy regulatory expectations while enabling efficient operations.

Key Challenges We Solve

Meeting Central Bank of Kenya AML/CFT requirements

Managing cross-border transaction monitoring

Implementing effective KYC and customer due diligence

Balancing compliance with financial inclusion mandates

How We Support

Money laundering, terrorism financing and proliferation financing (ML/TF/PF) risk assessments

Comprehensive AML/CFT/CPF policy development

ML/TF/PF risk assessment aligned with CBK guidelines

Staff training from board level to frontline

Independent compliance audits and reviews

Regulatory engagement and audit preparation

Outcomes

What you walk away with

Concrete, audit-ready compliance outcomes — not just paperwork.

Regulatory licensing and compliance advisory

Digital KYC framework development

AML/CFT compliance programme design

Product risk assessments for new offerings

Have a fintechs & digital paymentscompliance question?

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FAQ

Frequently Asked Questions

Common questions about Fintechs & Digital Payment Platformsin Kenya

What AML regulations apply to banks in Kenya?

Banks in Kenya must comply with the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), CBK Prudential Guidelines, and FATF Recommendations. The Central Bank of Kenya oversees compliance through regular inspections and reporting requirements.

How often should banks conduct ML/TF risk assessments?

Banks should conduct comprehensive ML/TF risk assessments at least annually, or whenever there are significant changes to products, customer base, geographic exposure, or regulatory requirements.

What KYC requirements apply to microfinance institutions?

Microfinance institutions must implement customer identification, verification, and ongoing due diligence proportionate to the risk level. Simplified due diligence may apply for low-risk customers to support financial inclusion.

Can Complywise help prepare for CBK inspections?

Yes, we provide comprehensive audit preparation services including gap analysis, documentation review, policy updates, and mock audits to ensure your institution is fully prepared for CBK compliance inspections.

What training is required for bank compliance staff?

All bank employees should receive role-appropriate AML/CFT training. MLROs need specialised training, while board members require strategic oversight training. We provide tailored programmes for each level.

Corporate Social Responsibility

Regulatory Engagement

Virtual Assets Compliance

Data Protection & Compliance

Anti-Corruption & Anti-Fraud Compliance

Financial Inclusion & Innovation

AML/CFT/CPF Advisory

Banks & Microfinance Institutions

Compliance, made fit-for-purpose

Key Challenges We Solve

How We Support

What you walk away with

Have a fintechs & digital paymentscompliance question?

Frequently Asked Questions

Banks in Kenya must comply with the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), CBK Prudential Guidelines, and FATF Recommendations. The Central Bank of Kenya oversees compliance through regular inspections and reporting requirements.

Banks should conduct comprehensive ML/TF risk assessments at least annually, or whenever there are significant changes to products, customer base, geographic exposure, or regulatory requirements.

Microfinance institutions must implement customer identification, verification, and ongoing due diligence proportionate to the risk level. Simplified due diligence may apply for low-risk customers to support financial inclusion.

Yes, we provide comprehensive audit preparation services including gap analysis, documentation review, policy updates, and mock audits to ensure your institution is fully prepared for CBK compliance inspections.

All bank employees should receive role-appropriate AML/CFT training. MLROs need specialised training, while board members require strategic oversight training. We provide tailored programmes for each level.