UFAA

The Unclaimed Financial Assets Authority

UFAA was created to administer unclaimed financial assets. Our primary mandate is to receive unclaimed financial assets from the holders of such assets, safeguard and re-unite the assets with their rightful owners.

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The mandate of the Authority 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.

Core Values

  • Customer focus
  • Partnership
  • Professionalism
  • Integrity
  • Innovation

Mission

To Receive, Safeguard and Reunite Unclaimed Assets for Sustainable and Shared Social and Economic Prosperity

Vision

To be a trusted Institution in the Management of Unclaimed Assets

The Unclaimed Financial Assets Authority (UFAA) is an Authority created under the Unclaimed Financial Assets Act, No 40 of 2011 to administer unclaimed financial assets.

Get In Touch

Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi

© 2021 The Unclaimed Financial Assets Authority (UFAA). All rights reserved.