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Agency to probe banks, insurance firms over unclaimed assets

NEWS

Banks and insurance firms will be subjected to a fresh audit to check if they are irregularly holding money that has not been claimed by the rightful owners.

Agency to probe banks, insurance firms over unclaimed assets

By Moses Michira | 5 years ago

Unclaimed assets agency to audit firms

Unclaimed assets agency to audit firms

The Unclaimed Financial Assets Authority (UFAA) will send out auditors to private and public institutions to confirm the correctness and completeness of reports and assets submitted for the just-ended reporting period.

Standard Reporter | 5 years ago

ICPSK calls for scrutiny of unclaimed assets

The Unclaimed Financial Assets Authority (UFAA) should audit all unclaimed financial assets to ensure beneficiaries do not lose out, the Institute of Certified Public Secretaries of Kenya (ICPSK) has said.

Standard Reporter | 5 years ago

Surrender or get penalised, holders of unclaimed assets ordered

UFAA CEO Kellen Kariuki said: “In a month’s time, all institutions, financial or otherwise, will surrender the financial assets deemed unclaimed as per the provisions of the unclaimed financial assets Act.”

Dominic Omondi | 5 years ago

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