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Ufaa wants firms to declare unclaimed assets in reports

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Ufaa Chairman Francis Njenga. [David Gichuru, Standard]

The Unclaimed Financial Assets Authority (Ufaa) wants accountants' professional bodies to compel their members to declare unclaimed proceeds during their reporting.

The authority has said that withholding this information is misleading the public, particularly investors, who seek to put their money in those institutions.

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