Comprehensive Policy on Unclaimed Financial Assets 2019

Abstract

The overall purpose of this policy is to guide the Government on the achievement of an improved and effective unclaimed financial assets governance framework through a strategic approach. It is expected that under such a framework there will be Effective handling and reporting requirements over unclaimed financial assets at holding institutions; Effective regulatory framework for reunification of unclaimed financial assets with owners and beneficiaries under a regime of indefinite right of reunification; A transparent and safe investment of unclaimed financial assets funds for the long-term economic development purposes; robust and facilitative legal framework to support the UFA regime in Kenya.