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Unclaimed Property Assets Reunification Kenya
Information by Research TrustFinance
While "Unclaimed Property Assets Reunification Kenya" is a descriptive phrase, the official government entity mandated with this function is the Unclaimed Financial Assets Authority (UFAA). Established under the Unclaimed Financial Assets Act, No. 40 of 2011, the UFAA's mission is to receive unclaimed financial assets from holding institutions (such as banks, insurance companies, and capital markets), safeguard these assets in a public trust, and actively work to reunite them with their original owners or beneficiaries. The authority plays a crucial role in managing dormant assets and ensuring they are returned to the public.
Kenya
Industry
Financial