Aden Bare Duale

All parliamentary appearances

Entries 9731 to 9740 of 17810.

• 2 Aug 2016 in National Assembly: The Proceeds of Crime and Anti-Money Laundering (Amendment) Bill, 2015 which was read the First Time in the House on 16th December 2015 proposes, in a summary, to do the following:- It is supposed to provide for the powers of the Financial Reporting Centre as a centre recognised under this Act to enforce compliance of the Proceeds of Crime and Anti-money Laundering Act by imposing civil and monetary penalties on persons or institutions breaching or disregarding the Centre’s direction. view
• 2 Aug 2016 in National Assembly: The law has created the Financial Reporting Centre. If the Financial Reporting Centre identifies an institution or an individual who violates this Act, this amendment provides monetary penalties to either the head of a banking unit to an individual who works in that bank who, in one way or the other, colludes with a client in making sure that they evade the enforcement and compliance of this law - the Proceeds of Crime and Anti-Money Laundering. view
• 2 Aug 2016 in National Assembly: This amendment provides for the powers of the Centre to take administrative action against any person or institutions for non-compliance. These are conventional banks, SMEs, micro-finance institutions, FOREX bureaus or hawallas who violate, in one or the other, the code of conduct that is given to them by the Financial Reporting Centre on a daily, weekly and monthly basis. If they violate that, this amendment gives powers to the Centre to take administrative actions against any person or institutions. view
• 2 Aug 2016 in National Assembly: These amendments to this law or Act recognise the high stature of the office of the Director of the centre by renaming it “Director-General”. Currently, the head of the Financial Reporting Centre is a director but now the title is being changed. view
• 2 Aug 2016 in National Assembly: These amendments enhance the responsibility of that Director-General. It gives him more power, which would include such performance as acts or functions that may be necessary for The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 2 Aug 2016 in National Assembly: general direction and management of the centre. So, the Director-General, under this amendment, is given more powers. view
• 2 Aug 2016 in National Assembly: This amendment also tries to empower the centre to make a determination on its own staff establishment. It is being given powers to appoint as necessary and engage the services of a person or any State department. Currently, they are micro-managed by the National Treasury, but this amendment gives them powers to hire their own experts as staff. view
• 2 Aug 2016 in National Assembly: This amendment creates more elaborate functions of the Anti-Money Laundering Advisory Board. So, the advisory board functions were limited but this amendment gives it more broad-based functions. view
• 2 Aug 2016 in National Assembly: I now seek to highlight the proposed amendments contained in this Proceeds of Crime and Anti-Money Laundering (Amendment) Bill (National Assembly Bill No. 64 of 2015). If you look at the amendment contained in Clause 2, it basically seeks to enhance the Office of the Director of the Financial Reporting Centre. It gives the director a new title of “Director- General”. This is just to distinguish between the office of the director established in this Act as the Chief Executive Officer (CEO) and the person responsible for the development of an efficient and more effective performance driven administration. So, within ... view
• 28 Jul 2016 in National Assembly: Hon. Speaker, I beg to lay the following Papers on the Table of the House:- The Legal Education (Accreditation and Quality Assurance) Regulations, 2015 and the Explanatory Memorandum. The Report of the Auditor-General and Summary on the Appropriation Accounts, Public Accounts and the Fund Accounts of the Republic of Kenya for the year 2014/2015. The Report of the Auditor-General on the Financial Statements of the State Department of East African Affairs for the year ended 30th June, 2015 and the Certificate therein. view