Somalilandsun- Dahabshil-Kenya remittance firm has taken up a staff members training programme aimed at stopping money-laundering
The training on Friday featured flagging and reporting suspicious transactions, exercising due diligence in identification and assessing clients.
Chief executive Abdi Mohammed said they have invested heavily in enhancing the workers’ capacity.
“They are the ones to implement and maintain the comprehensive anti-money laundering processes that are in place,” he said.
“We are working closely with regulators of financial institutions in Kenya and other countries to minimise and eliminate any loopholes that money launderers can exploit to move their ill-gotten cash.”
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Mohammed noted the training was in line with the Proceeds of Crime and Anti-Money Laundering Act.
The move was also in line with provisions of the Financial Reporting Centre that require institutions to report suspicious transactions.
The body is mandated with identifying proceeds of crime and tackling money laundering.
Dishon Kirima, an anti-money laundering specialist who conducted the training, saying robust systems will prevent the crime and increase public and government confidence in financial institutions.
Dahabshiil is the largest money remittance provider in Kenya, first licensed by Central Bank of Kenya in 2013. It has outlets across 144 countries including in Europe and North America.
Kirima further noted that the systems will also attract legitimate business.
He called on the government to ensure all financial institutions in Kenya comply with anti-money laundering laws.
“There is also need to enhance customer awareness about the importance of complying with procedures when conducting financial transactions in money remittance firms,” he said.
“It is in their best interest and safety to comply so as to isolate the few persons seeking to misuse financial services for criminal activities.”
