Virtual Assets Chamber
●6-week programme·18h total·7 modules

Kenya VASP Act Compliance for Traditional Finance

To equip traditional finance professionals in Kenya with the legal knowledge, regulatory intelligence, operational frameworks, and practical tools necessary to achieve and maintain compliance with the Virtual Asset Service Providers Act and its associated regulatory instruments — and to manage the compliance risks that arise from institutional interaction with the virtual asset ecosystem.

Kenya VASP Act Compliance for Traditional Finance

What you'll learn

  • Explain the scope, architecture, and key provisions of the Kenya VASP Act and its relationship to existing financial-sector legislation
  • Determine whether your institution is a VASP, VASP-adjacent, or has material VASP-related compliance obligations
  • Navigate the registration and licensing pathway, including documentation, capital, and governance requirements
  • Design and implement a VASP-compliant AML/CFT programme covering KYC, monitoring, STR, and the Travel Rule
  • Prepare for supervisory inspection and enforcement by the CMA, CBK, and FRC

Who it's for

Compliance Officers, Chief Risk Officers, Legal Counsel, Product Managers, Senior Operations staff, and Executive leadership at commercial banks, PSPs, fintechs, microfinance banks, SACCOs, money remittance operators, and any institution with VASP-related obligations.

Prerequisites

Professional financial-services background.

Programme structure

7 modules · 32 lessons · self-paced after enrollment

Week 1

Introduction

  • Statement of Programme Philosophy, Goals, Delivery and Assessment
  • Purpose of the Programme
  • Expected Learning Outcomes
  • Mode of Delivery
Week 2

The Kenya VASP Regulatory Landscape: Context, Architecture, and Legislative History

  • The Pre-VASP Regulatory Environment in Kenya
  • The Legislative Architecture of the VASP Act
  • Who Is (and Is Not) a VASP Under the Kenya Act
  • The Multi-Regulator Map — CMA, CBK, FRC
Week 3

Registration, Licensing, and Authorisation Under the VASP Act

  • The Authorisation Framework
  • Fit and Proper Requirements
  • Change of Control, Variation, and Passporting
  • The Transition Regime
  • Prohibited Activities and Conduct Standards
  • Consequences of Non-Compliance with Authorisation Requirements
Week 4

AML/CFT Compliance: The Heart of the VASP Act

  • The AML/CFT Statutory Framework Applicable to VASPs
  • Institutional Risk and Residual Assessment (IRRA)
  • Customer Due Diligence (CDD)
  • Transaction Monitoring
  • Suspicious Transaction Reporting (STR) and Currency Transaction Reporting (CTR)
  • The FATF Travel Rule and Its Kenya Implementation
Week 5

Consumer Protection, Conduct Standards, and Technology Requirements

  • Consumer Protection under the VASP Act
  • Operational and Governance Standards
  • Technology and Cybersecurity Obligations
  • Data Protection Compliance for VASPs
Week 6

Supervision, Enforcement, Taxation, and Regional Benchmarking

  • The Supervisory Framework
  • Enforcement Powers and Sanctions
  • Taxation of Virtual Asset Activities in Kenya
  • Regional and Global Benchmarking
Week 6

Building the Institutional VASP Compliance Programme and the Compliance Roadmap

  • The VASP Compliance Programme Architecture
  • The VASP Compliance Gap Analysis Framework
  • Building the Remediation Roadmap
  • Final Institutional VASP Compliance Roadmap Presentations