14 Critical Questions You Must Ask Before Each Escheat Reporting Season.Get the full list here.
Compliance, Unclaimed Property Law, Unclaimed Property Reporting
The Unclaimed Property Professionals Organization will be hosting a Canadian unclaimed property seminar this July in an effort to further holders’ education and knowledge of escheatment while providing the opportunity for networking with fellow industry professionals. Event Details: July 9, 2014 9 a.m. to 4 p.m. EST Hyatt Regency Toronto Register Now The Canadian unclaimed […]
Legislative Alerts, Public Corporations, Unclaimed Property Audit
On May 8th, the Delaware Legislature introduced a bill that would place restrictions on the unclaimed property audit process in an effort to regulate the business practices of third party auditors. Senate Bill 215 proposes to prohibit the State Escheator from paying third party unclaimed property auditors on a contingency fee basis or by commission. […]
Brokerage, Compliance, Mutual Funds
Managing unclaimed property compliance is critical to a company’s risk and governance program. Key decision-makers, such as Chief Compliance Officers, must understand the fundamental unclaimed property principles while monitoring the legislative environment for the latest regulatory developments, industry updates and trends. In order to stay abreast of the legislative and regulatory landscape, those tasked with […]
The State of Delaware recently unsealed a whistleblower lawsuit filed against multiple retail companies. The complaint alleges that the retailers and the company managing their gift card programs intentionally excluded unused gift card balances from unclaimed property reportable to Delaware. Both Compliance Week and Delaware Online have published summaries containing background on the gift card […]
The life insurance industry has been in the spotlight for several years now, as many of the nation’s leading carriers have been faced with market conduct examinations or have entered into multi-million dollar settlements with state insurance regulators. The basis of these settlements has historically been over the asymmetrical use of the Social Security Administration’s […]
