To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Anti Money Laundering: Requirements for accounting professionals Webinar
Date: 17th June 2025
Time: 04.00pm-06.00pm
Delivery Mode: Virtual
Overview
The threat of money laundering poses significant risks to the integrity of financial systems and the reputation of the accounting profession. Accountants, due to the nature of their work, are uniquely positioned to identify and report suspicious financial activities and they play a critical role in prevention and detection of money laundering. As regulatory expectations evolve there is an increasing need for accountants to understand and comply with anti-money laundering (AML) requirements including robust client due diligence, record keeping and reporting obligations.
In Kenya and globally, regulatory bodies have intensified their focus on AML compliance, requiring professionals in the finance sector to adhere to stricter standards. The Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) along with guidelines issued by the Financial Reporting Centre (FRC), outlines specific responsibilities for accountants, including risk assessments and the implementation of internal control systems. Non- compliance can lead to serious legal, reputational and financial consequences.
As financial crime methods continue to evolve, accountants must also keep pace with emerging technologies that are reshaping AML monitoring. Tools such as data analytics, artificial intelligence and blockchain are increasingly being adopted to enhance the detection and reporting of suspicious activities. Familiarity with these innovations can significantly improve an accountant’s ability to identify risks and implement proactive compliance strategies
This webinar will equip accounting professionals with practical knowledge and guidance to meet the AML obligations and support the global fight against financial crime.
Key topics to be covered include:
1. Overview of money laundering and its impact on the accounting profession
2. Legal and regulatory framework on AML in Kenya and globally
3. Obligations of Accounting Professionals
4. Ethical Considerations and Professional responsibility
5. Best practices for AML and internal controls
6. Emerging technologies and their implications for AML monitoring in the accounting field
Target Audience:
This webinar will be useful to all professional Accountants and those aspiring to join the profession, Internal and External Auditors, Consultants and Advisors
Continuous Professional Development Units (CPDs):
Members of ICPAK and those from reciprocating professional bodies will be awarded 2 Structured CPD Units upon successful completion of the workshop.
Financial Commitment:
The workshop charges are Kshs. 1,000. Charges will cater for the webinar fees, learning materials, and e-certificates of attendance.
Online Booking:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www5.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.
National Industrial Training Authority (NITA) Reimbursement:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email to marketing@www5.icpak.com
We encourage members to regularly visit our website https://www5.icpak.com for update
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
