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Take advantage of ICBA webinars, seminars, and other events to help you stay ahead of the competition. We offer a variety of courses to fit every need and schedule.
Start: July 31, 2024 11:00 AM CST
Finish: July 31, 2024 12:30 PM CST
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.
Learning Objectives:
Study key details of unclaimed property to remain compliant.
Duration: 60-minutes
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.