Kenya: Agency Not Yet Ready to Receive Unclaimed Assets

1 November 2013

THE Unclaimed Financial Assets Authority is seeking more time to put in place modalities of handling billions of unclaimed assets currently in the possession of financial institutions, utility companies and some employers.

The authority is expected to gazette a three month extension for the deadline to declare the assets which expired yesterday. It said it is not yet ready to take over the control of the unclaimed assets.

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