Keane, the premier provider of unclaimed property compliance, consulting, and communication services – today announced an expansion of its unclaimed property legislative update services to keep financial professionals informed of unclaimed property rules and regulations in a constantly changing environment.
Maintaining compliance and keeping up to date in this dynamic environment is a time consuming and highly burdensome task, even for the most seasoned financial services professional. Keane’s new services ensure organizations are abiding by the most current state escheatment laws. These new services will be provided on a monthly subscription basis. In short – Keane’s legislative update services provide the ultimate toolkit for unclaimed property compliance.
“Keane’s experience and knowledge of the unclaimed property industry is unmatched,” noted Keane Chief Compliance Officer Debbie Zumoff. “Leveraging our expertise and providing even more resources will further our goal of helping our clients not only achieve, but maintain unclaimed property compliance.”
The backbone of Keane’s unclaimed property legislative update service remains the same – real-time alerts as breaking news occurs and monthly summaries of all impactful legislation. The compliance team at Keane continually monitors a variety of sources to identify all legislative, regulatory, and administrative activities affecting escheat compliance. This already powerful resource has been bolstered to include the following new services:
- Access to Keane’s Full Compliance Database – This “Master Matrix” is a valuable educational resource for organizations to review all statutory, regulatory and administrative guidance that impacts unclaimed property across all industries and respective property types.
- Individual State Reporting Profiles – Updated at least 60-90 days prior to each escheat reporting cycle, our State reporting profiles provide all necessary details you need to accurately report unclaimed property and remit payment if necessary.
- Due Diligence & Dormancy Maps & Matrices – These maps and matrices provide a quick reference guide for due diligence and reporting dates, dormancy periods by property type, among others.
- Interactive Consulting Sessions with the Keane Compliance Team – Sometimes a conversation with one of Keane’s compliance experts can be the simplest solution to your unclaimed property problems.
“We are fortunate to have a strong, dedicated team of compliance professionals at our disposal,” said Chief Operating Officer Nick Nichols. “We understand the operational impact of unclaimed property compliance on an organization and feel our resources can make that daunting task much more manageable.”
Keane’s Compliance Team is led by licensed and practicing attorneys with more than 35 years of experience in the industry, and works in tandem with field specialists that include former state unclaimed property administrators, external auditors, accountants, and financial professionals. This unique insight and perspective allows Keane to offer a comprehensive set of solutions that can be utilized independently, or bundled to provide an even more robust compliance toolkit.
Keane is the country’s only comprehensive provider of unclaimed property consulting, unclaimed property reporting, and communications solutions. From customized communication programs to in-depth consulting and annual compliance outsourcing, Keane provides corporations, mutual funds, banks, brokerages, insurance companies, and transfer agents with a full suite of professional services. Keane employs more than 170 people across the country in its New York, NY headquarters, main operating facility in King of Prussia, PA, and various satellite offices. For more information on Keane, please visit www.KeaneUP.com.