The Proceeds of Crime and Anti-Money Laundering Act (2009) empowers FRC to receive, analyse and interpret reports of unusual or suspicious transactions in the banking system.
Mr Maika, 47, holds a bachelor’s degree in International Relations from the Technical University of Kenya and is currently pursuing a masters in the same field at the University of Nairobi.
Treasury secretary Henry Rotich has gazetted an Office of the President official as the inaugural head of the Financial Reporting Centre.
Mr Rotich appointed Saitoti Kimerei Maika, a senior adviser at the Interior ministry under the late Joseph Nkaissery, to head the agency set up in 2012 to combat money laundering and arrest illicit financial flows.
He was earlier vetted by MPs.
“The Cabinet secretary for the National Treasury appoints Saitoti Kimerei Maika to be the director-general of the Financial Reporting Centre for a period of four years, with effect from the 12th July, 2017,” reads the gazette notice dated July 21, 2017.
The Proceeds of Crime and Anti-Money Laundering Act (2009) empowers FRC to receive, analyse and interpret reports of unusual or suspicious transactions in the banking system.
Jackson Kitili, an executive from the Central Bank of Kenya, has been heading FRC on an interim basis, awaiting a substantive boss.
Mr Maika, 47, holds a bachelor’s degree in International Relations from the Technical University of Kenya and is currently pursuing a masters in the same field at the University of Nairobi.
He also holds a diploma in strategic and security studies from UoN.
He previously worked as a principal policy analyst at the Interior ministry before becoming a senior aide.
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