Keane's Unclaimed Property Blog

Gift Card Escheatment, Litigation

The verdict against Overstock likely means that Delaware will further scrutinize companies utilizing similar giftco structures and could possibly subject them to litigation or audit, even forcing some to re-domesticate outside of Delaware to avoid such scrutiny.  Gift card holders should be overly cautious and be prepared to defend their organizational structures to the state.

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Unclaimed Property Reporting

As another state has indicated they will no longer accept reciprocal unclaimed property reports, we believe it is in the best interest of the holder community to provide a refresher on the potential risks of reciprocal escheat reporting.

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Compliance, Unclaimed Property Reporting

Despite the best of intentions, many organizations fall victim to the complexities and difficulties of unclaimed property reporting. With this in mind, how many of these unclaimed property reporting pain points is your organization currently experiencing?

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Compliance, Unclaimed Property Reporting

Barbara Rice, Keane’s State Compliance Liaison, who previously managed the unclaimed property programs in both Ohio and South Carolina, recently reached out to multiple state unclaimed property administrators to inquire as to the types of information that they wish that holders knew prior to filing reports. This is their “Wish List”.

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Oil & Gas, Unclaimed Property Audit

Former third-party auditor and current Keane Senior Manager, Gary Joseph, shares his perspective on the current audit and enforcement landscape, as well as a growing audit concern for the Oil & Gas industry.

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