FSVC works with regulators, law enforcement agencies, ministry officials, and private-sector financial and non-financial institutions to train them on detecting, monitoring and disrupting criminal financial transactions.
Key FSVC indicators from 2006 to present:
- FSVC helped operationalize Kenya’s FIU, the Financial Reporting Centre, playing a critical role in avoiding international sanctions from the Financial Action Task Force.
- FSVC workshops resulted in the drafting of new regulations that strengthened oversight over hawaladars in Kenya.
- FSVC facilitated the first-ever on-site AML/CFT examinations of money transfer businesses in Somalia.