July 30^th, 2022 Financial Intelligence Centre (FIC) and Financial Reporting Centre (FRC)-Kenya signed a Memorandum of Understanding (MoU) on cooperation and  collaboration in exchange of information for financial intelligence purposes in the fulfillment of their mandates of Anti-Money Laundering (AML), Counter Terrorism Financing (CFT), and Counter Financing of Proliferation (CFP) of Weapons of Mass Destructions and other related crimes.

Prior the MoU signing event, FRC delegation and senior officials and  staff held a 2- day seminar whereby FRC Kenya shared with Rwandan counterparts their experience in conducting financial intelligence operations and other topics related to AML/CFT matters.

Gashumba Jeanne Pauline, the Director General of FIC appreciated the good collaboration between both Financial Intelligence institutions, which shall play instrumental role for both agencies in detecting Money Laundering, Terrorism Financing and Proliferation Financing crimes and their predicate offenses, disrupting movement of criminal funds and assets, confiscation of proceeds of crime, and dismantling criminal organizations. 

She thanked the delegation led by Saitoti Maika, the Director General of FRC-Kenya for sharing informative experiences and expertise with FIC senior officials and staff.

Saitoti Maika commended FIC leadership and the entire team for the great hospitality showcased. He stated that the framework will help both parties formally cooperate to conduct financial intelligence operations.

FRC delegation has been in Rwanda for a 4-day visit since July 27th, 2022.