Unclaimed Property Reporting Considerations

While the basics of unclaimed property reporting are consistent for all holders, financial institutions can face particularly complex questions and issues around unclaimed property. From determining the proper state for escheatment, to deciphering dormancy rules around complicated property types like IRAs, financial institutions must take care to understand the scope of their unclaimed property reporting requirements to stay compliant.

Review general unclaimed property concepts and dive into specific complications and questions faced by financial institutions specifically. Discussion topics will include determining applicable dormancy periods, what constitutes a client contact that would reset the dormancy clock, questions around unknown owners, audit risk and exposure, and voluntary disclosure opportunities.

• Review of general unclaimed property concepts.
• Learn the complications and questions faced by financial institutions.

• Study key details of unclaimed property to remain compliant.

Duration: 60-minutes

Recorded on July 31, 2024.