Strengthening the Role of Proceeds of Crime and Anti-money Laundering Act (Pocamla) in Investigation and Prosecution of Financial Crimes

Executive Summary

This paper explores the successes and challenges of the Proceeds of Crime and Anti-money laundering Act No. 9 of 2009 (POCAMLA) in the investigation and prosecution of financial crimes in Kenya. It argues that the law has been successful in enhancing international cooperation and multi-lateral engagements in countering money laundering, enforcement of
compliance in financial crimes reporting, and strengthening Kenya’s counter-terrorism regime. Nevertheless, the country remains blacklisted internationally as a major money laundering jurisdiction. This necessitates revisiting the