COMPLIANCE WITH UNCLAIMED FINANCIAL ASSETS ACT, 2011The Compliance date for remittance of unclaimed financial assets falling due as at June, 30th 2015 was on or before November 1st, 2015. Holders of unclaimed financial assets are required to remit these assets to the Unclaimed Assets Trust Fund Account No. 1000205218 at Central Bank of Kenya detailing beneficiaries’ details to the Unclaimed Financial Assets Authority both in soft and hard copies.
The assets to be remitted to the Authority should include those assets deemed unclaimed before the Commencement of the Unclaimed Financial Assets Act, 2011 pursuant Section 34 of the said Act.
The soft copies can be uploaded on the website www.ufaa.go.ke in excel format, zipped and password-protected under the tab “unclaimed assets” and “holders online reporting” portal.