The government is working on a national policy that could see all holders of unclaimed financial assets submit them to the Unclaimed Financial Assets Authority (UFAA). Only listed firms and government agencies have been submitting financial assets left unattended for more than two years. According to the unclaimed financial asset Act such assets include bank savings and deposits, cheques and drafts, money orders and funds held or owing under any life or endowment insurance policy or annuity contract. The state agency received unclaimed assets worth Sh10.7 billion and reported 446 million units of unclaimed shares by December last year against 4,124 claims worth Sh180 million. ''We have been conducting education and awareness forums with view to sensitising holders on unclaimed financial assets regime.

Source: The Star January 19, 2018 22:07 UTC