Financial Reporting Centre announces vacancy for Director General

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.