Keane's Unclaimed Property Blog

Escheatment Audit Frequency is on the Rise in Louisiana

Escheatment, State Escheatment, Unclaimed Property Audit

I’ve talked in the past about escheatment audit risk, the increased scrutiny companies are facing, and the rising state interest in unclaimed property. The bottom line is that unclaimed and abandoned property contributes a large amount of revenue to the States’…well, their top line revenue! Apropos to that, I came across a story in the Time Picayune in New Orleans, LA […]

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Escheatment laws remain a hot topic at state and Federal levels

Abandoned Property, Escheat Law, Escheatment

We’ve been discussing a couple of recent news items related to escheat laws that really drive home the risk management issues associated with unclaimed, abandoned or escheated property. The first story is from The Times Picayune in New Orleans, LA. Benny Spann, director of the Unclaimed Property Division of the state’s  Treasury Department details Louisiana’s escheatment audit and unclaimed property efforts. […]

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Gift Card Escheatment Rules Changes Proposed by the Fed

Gift Card Escheatment

The Fed jumped into the holiday spirit with a recent proposal that impacts gift card escheatment rules. Since it was announced, we have been having some internal discussions here about the news yesterday that the Federal Reserve is proposing changes to the rules that govern gift card and certificate expirations – and their eventual escheatment to State […]

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Experts from Keane Unclaimed Property offer tips on audit prevention, best practices and compliance

Best Practices, Compliance, Unclaimed Property Audit, Unclaimed Property Reporting

In an ongoing effort to educate finance, accounting and compliance departments about their company’s unclaimed property risks, Keane Unclaimed Property is offering a unique opportunity to connect directly with Keane Unclaimed Property’s subject matter experts. An online Audit Risk Assessment is being made available to those who are interested in a way to evaluate their […]

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State escheat laws: Companies must report, but can also reap benefits

Abandoned Property, State Escheatment, Unclaimed Property

When we discuss state escheat laws in our quarterly newsletter, or when you see news regarding them in the media, it typically centers on companies’ obligation to comply or the increasing rate of state unclaimed property audits. However, the The State of Pennsylvania and State Treasurer Rob McCord issued a press release on October 8 […]

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