Are you interested in learning the key requirements for unclaimed property reporting in New England jurisdictions? For those tasked with the responsibilities of escheat reporting, it is important to have an understanding of their organization’s compliance obligations and monitor any legislative or regulatory activity that may affect their existing unclaimed property processes. Below you will […]
A lawsuit has been filed against the State of Delaware and their third-party auditor over the validity and accuracy of the liability estimation and extrapolation methods utilized in the course of an unclaimed property audit. The Complaint, which seeks declaratory judgment and injunctive relief against Delaware and Kelmar, has once again brought the topic of […]
The road to implement an Ontario Unclaimed Property program has had its share of ups and downs as Government officials and property holders have developed various plans to establish a provincial escheatment program. Although the province has not officially passed any policies, the Ontario government has made tremendous efforts to develop a program that is reflective of both the government and holders needs.
The unclaimed property environment within the United States and Canada is ever-changing with amended legislation as well as statutory, administrative, and regulatory requirements. When considering the variations in regulations and legislation no two states, nor two provinces, are exactly the same—providing a broad spectrum of compliance requirements. Despite the lack of uniformity across states and […]