Keanotes®: Unclaimed Property News, Laws and Trends
Escheat laws by state can be difficult to keep track of, as no two states interpret unclaimed property in the same way. State escheatment laws can differ based on a variety of factors, including property type, dormancy period, and compliance requirements, among other factors.
Keanotes®, our industry leading compliance newsletter, eases the burden of tracking the various escheat laws by state by providing an in-depth view and analysis of unclaimed property regulations and state escheatment laws. Keanotes also includes editorial coverage of ongoing legislation changes, legislative summaries of escheat rules by state, guest columnists from state and industry professionals, Q&A sessions, continuous interpretation and recommendations to effectively comply with unclaimed property laws while increasing your company’s bottom line.
The compliance experts at Keane can help to keep you up to date the various escheat laws by state by providing real-time alerts when significant changes are made to unclaimed property regulations and state escheatment laws. Subscribers to Keane’s Unclaimed Property Compliance Portal will also receive access to view additional details on the legislative change, including a summary of the legislation and an analysis of its impact.
Click on the button below to register for Keanotes®. You’ll receive a notification when new issues are published and real-time alerts for changes in escheat laws by state. For information on subscribing to Keane’s Unclaimed Property Compliance Portal, please visit www.keanecompliance.com.
Contents of Latest Issue
Debbie L. Zumoff, Chief Compliance Officer and National Consulting Practice Leader
Recent statements regarding California securities escheatment are leaving many holders wondering if CA will be shifting to a pure inactivity standard. Learn more about California’s current laws, and what changes may be on the way.
Maureen Ferrari, Vice President, Operations
In the second lesson of our three-part series, we will not only discuss the statutory due diligence requirements, but will share best practices to ensure that your due diligence program is successful in retaining accounts and reuniting the rightful owners with their funds.
Joe Lichty, Director of Marketing
In spite of the preemption from state escheat laws of certain retirement products, administrators of retirement plans are subject to obligations similar to those in the unclaimed property world. Keane has observed parallels between enforcement of obligations in the retirement industry and other industries that are tasked with the complexities of compliance.
Karen Anderson, Deputy Chief Compliance Officer
Keane’s Karen Anderson details pending unclaimed property lawsuits & litigation, while providing an analysis of their potential impact to the holder community.
Karen Anderson and Maureen Ferrari
When reporting unclaimed property, how much is “too much”? Find out if your organization is over-reporting its obligations and what remediation options exist.