About

020 402300

USSD *361#

info@ufaa.go.ke

Home
|
About

The Unclaimed Financial Assets Authority (UFAA) is a state corporation established under the National Treasury pursuant to the Unclaimed Financial Assets Act. No. 40 of 2011. The primary mandate of the Authority is to receive unclaimed financial assets from holders of such assets, safeguard these unclaimed assets, and re-unite the assets with their rightful owners.

The Authority's mandate is to:

Receive, safeguard, invest and disburse unclaimed financial assets.
Receive all payments required by the Act to be made to the Fund.
Ensure that holders of unclaimed financial assets either reunite them or surrender them to the Authority.
Carry out inspection of unclaimed financial assets to ensure accurate reporting.
Ensure that all relevant information on unclaimed financial assets is submitted to the Authority and maintained in the database.
Assume custody of the rights of unclaimed financial assets holders.
To implement all government policies relating to it, and perform such other functions as are conferred on it by the Unclaimed Financial Assets Act.

Make payments out of the Fund to the rightful owners in accordance with the provisions of the Act.
Manage and invest the funds of the Authority.
Implementation of unclaimed financial assets policies and procedures.
Act as the Trustee to the Fund in accordance with Part V of Unclaimed Financial Assets Act.
Enforce, and generally administer, the provisions of the Unclaimed Financial Assets Act.
Advise the Cabinet Secretary on the national policy to be followed with regard to unclaimed assets.
Locate and notify owners of the unclaimed financial assets.