Status of the Unclaimed Assets Trust Fund 

The Unclaimed Assets Trust Fund was created under Section 44 of the Unclaimed Financial Assets Act, No. 40 of 2011. It is vested in, and operated and managed by the Authority. 

The Fund receives remittances from holders for all money that becomes or is deemed to be unclaimed assets and other payments required by the Act or by any other written law to be paid into the Fund.

Once identified, Payments are made out of the Fund to rightful owners of unclaimed assets.

The Authority has received remittances amounting to Kshs. 36.1 billion from holders into the Trust Fund Account, including FOREX in various denominations. Reports have been made for 1.9 billion units of shares, 3,737 safe deposit boxes, and 9.9 million unit trusts.

The Authority has so far received and paid claims amounting to KShs. 2.379 Billion from 33,929 claimants.

Unclaimed Financial Assets Regulations, 2016 formalizes processes relating to managing unclaimed financial assets.

Status of the trust fund