Legal Audit & Regulatory Compliance
We develop and implement effective compliance programs that meet regulatory demands
Overview
Regulatory frameworks are constantly evolving across sectors in Kenya and around Africa. There is an increasing need for transparency in order to mitigate the costs of non-compliance with laws and regulations.
We act for several companies and institutions in the regulatory compliance space including banks, insurance companies, pension schemes, saccos, investment companies, healthcare and pharmaceutical companies, in the process of which we have interacted with the industry regulators including the Central Bank of Kenya, Capital Market Authority, Sacco Societies Regulatory Authority, Insurance Regulatory Authority, Unclaimed Financial Assets Authority, Competition Authority of Kenya, Civil Aviation Authority, Energy and Petroleum Regulatory Authority, amongst others. We provide advice on developing early response systems and implementing effective compliance programs aimed at ensuring awareness and compliance with governmental regulations, as well as other timely and pertinent information concerning the burgeoning demands being made by governmental enforcement agencies.
Services
- Consumer Protection
- Documentation review and legal Audits
- Advisory and interpretation of Regulatory Guidelines
- License applications
- Preparation of Compliance Manuals
- Review of client controls in line with Statutory Requirements
- Staff Compliance Trainings
Experience
Representative Transactions
- Advising large insurance companies and undertaking document review to comply with the requirements of the Insurance Regulatory Authority.
- Supporting a large community-focused Micro-Finance Institution (MFI) on an ongoing basis and undertaking legal Audits.
- Acted for a major bank in undertaking very de- tailed process checks and controls to ensure they are in line with all regulator and statutory requirements. This included technology and system checks, reporting checks in line with statutory timelines, customer experience checks, contract reviews, compliance controls effectiveness checks, sales suitability checks, policy and procedure design and development.
- Acting for a large financial institution and a big life insurance provider in East Africa in both corporate segments in training their staff.
- Undertaking numerous staff training sessions on targeted compliance issues, depending on the relevant client departments.
- Advising financial institutions regarding their anti-money laundering requirements, and we also undertake regulatory enforcement advisory, commercial transactions, as well as AML audits and the Inter-Governmental Financial Action Task Force (FATF) recommendations advisory.
Key Contacts
Wilson Gathogo
Partner
Michelle Dande
Associate