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Virtual Assets Compliance

AML/CFT compliance frameworks for VASPs, exchanges, wallets, and token issuance in Kenya.

Service Overview

Built around your compliance outcomes

We support Virtual Asset Service Providers (VASPs) and fintechs in complying with Kenya’s prudential and AML/CFT/CPF regulations. Our compliance package targets VASPs across the full spectrum of virtual asset services, from wallet providers to token issuance platforms.

VASPs We Support

  • Virtual asset wallet provider
  • Virtual asset exchange, transfer, and conversion services for trading, clearing, and settlement platforms
  • Virtual asset brokerage services
  • Virtual assets investment advisory and management services
  • Virtual assets offering provider (ICO, tokenisation, token issuance platforms, and stablecoin issuance)

Services Deliver

Developing AML/CFT compliance frameworks for VASPs
Undertaking training on policies and procedures
Advisory on exchanges, wallets, and token issuance
Risk assessments for virtual assets and crypto-related products
Regulatory engagement and licensing support
Supporting institutions to comply with the World Bank Group's Integrity Compliance Guidelines
Discuss your needs

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FAQ

Frequently Asked Questions

Common questions about AML/CFT/CPF Advisoryin Kenya

Yes, Kenya has introduced regulatory frameworks for virtual assets. VASPs must comply with AML/CFT requirements under POCAMLA and obtain necessary licences from relevant regulators.

The FATF travel rule requires VASPs to collect and share originator and beneficiary information for virtual asset transfers above specified thresholds, similar to wire transfer requirements for traditional financial institutions.

VASPs should implement robust digital KYC procedures including identity verification, risk-based customer due diligence, sanctions screening, and ongoing transaction monitoring.

Crypto exchanges in Kenya need to obtain the appropriate licences from regulatory authorities. We provide end-to-end support for licensing applications including compliance framework development.

Yes, we advise on regulatory requirements for ICOs, token issuance, and stablecoin offerings, including compliance frameworks, investor protection measures, and regulatory engagement.