Regulatory Aligned
Anti-Money Laundering compliance built to satisfy regulators, not just check a box.
Enforcement actions for Anti-Money Laundering (AML) failures have increased significantly since 2022, and personal liability now extends to your Money Laundering Reporting Officer and board. We build the transaction monitoring, watchlist screening, and reporting systems that demonstrate adequate controls when an examiner arrives.
The regulatory stakes
Kenya is under enhanced FATF monitoring. Your AML controls are under scrutiny.
The 2022 FATF Mutual Evaluation placed Kenya under enhanced follow-up monitoring, which means financial institutions are expected to demonstrate stronger AML controls at every level. Financial regulators have followed with increased enforcement actions, heavier fines, and personal liability clauses that extend beyond the institution to individual officers.
Kitsilano builds the technology infrastructure behind an effective AML programme: systems that monitor transactions automatically, screen customers against global watchlists, generate regulatory reports on time, and produce a documented investigation trail that satisfies examiners.
72 hrs
72-hour regulatory deadline for suspicious activity reports
From suspicion to regulatory submission
KES 5M+
Minimum banking regulator fine for AML failures
Plus potential licence revocation
2022
Kenya placed under FATF enhanced monitoring
Increased scrutiny on all financial institutions
The four components
A complete AML programme, not just a piece of software.
Transaction Monitoring
Live transaction monitoring
- Every transaction checked against your customer's normal pattern
- Alerts raised when something does not fit, in real time
- Rules tuned to your customer base to reduce unnecessary alerts
- Covers cash, mobile money, wire transfers, and card payments
Watchlist Screening
Global sanctions screening
- Screened against international sanctions lists at onboarding
- Politically connected individuals identified automatically
- Existing customers re-screened when lists are updated
- Matches flagged for review with the evidence attached
Regulatory Reporting
Automated regulatory filing
- Suspicious activity reports filed within the 72-hour regulatory window
- Large cash transaction reports generated automatically
- Reports formatted to the regulatory reporting authority standard
- Full investigation trail attached to every submission
Customer Risk Scoring
Customer risk scored daily
- Every customer scored for risk at onboarding and on review
- High-risk customers routed to more thorough review automatically
- Risk score updates when transaction behaviour changes
- Board and MLRO reports generated on demand
What it delivers
AML infrastructure that satisfies your regulators.
Catch suspicious transactions the moment they occur
Automated alerts on every transaction that deviates from expected behaviour, with configurable thresholds by customer segment.
Meet financial regulatory requirements with a documented programme
AML programme design aligned to financial regulatory standards and FATF Recommendations, with evidence ready for any examination.
File required reports automatically, with a full audit trail
Suspicious activity and large cash transaction reports submitted to the regulatory reporting authority with the investigation trail documented.
Know which customers need scrutiny before a problem emerges
Dynamic risk scoring that reassesses customers as their transaction behaviour and profile data changes over time.
Every alert investigated and every decision documented
Investigation queue, evidence collection, analyst assignment, and approval chain, all logged and available for regulators on request.
Manage correspondent banking relationships with confidence
Standard due diligence questionnaires and risk assessments for your banking partners, documented and updated on a defined schedule.
Get started
Do not wait for a regulatory examination to find the gaps.
Talk to our compliance technology team about building transaction monitoring, watchlist screening, and regulatory reporting that satisfies examiners before they arrive.