Expression of Interest for Unclaimed Financial Assets Reporting, Compliance and Collaboration System
The Unclaimed Financial Assets Authority Unclaimed Financial Assets Reporting, Compliance and Collaboration System The Unclaimed Financial Assets Authority (UFAA) is an Authority established under the Unclaimed Financial Assets Act, 2011, Laws of Kenya. Section 36 of the Act provides that the Authority shall - a. Maintain an electronic or other database of all unclaimed assets submitted to it under the Act; b. Include in the database the prescribed particulars for each unclaimed asset; c. Make the database available to the public, subject to any restrictions imposed for purposes of protecting the privacy of owners. In order to comply with the above provision of the Act, there is urgent need for the Authority to put in place an unclaimed financial asset reporting, compliance, and collaboration system. The system is expected to be an end-to-end process that commences with a web based reporting of unclaimed financial assets by holders, unclaimed assets register, trust fund management,...