Kenya: Know Your Client (KYC) and Client Suitability

Refreshed September 2025 | CPD time: 2 Hours 15 Minutes

Know your client (KYC) and client suitability are pivotal concepts at the heart of financial services, and they play a crucial role in ensuring that firms meet regulatory obligations and protect both clients and investment advisers. This module gives a detailed and foundational understanding of the KYC and client suitability concepts. It discusses suitability obligations and objectives, client suitability assessment, client categorisation and product classification, and it analyses the inherent risks associated with failure in KYC and client suitability. The module incorporates some content from Europe, United States of America (USA) and International Organization of Securities Commissions (IOSCO) to provide an international context that is intended to elevate user understanding of the cardinal concepts.