Ensure Your Unclaimed Property Policies & Procedures Are Current
Escheatment/Unclaimed Property Curriculum
Nearly 70 percent of financial institutions are not fully compliant with Unclaimed Property laws—audits have increased dramatically and financial institutions are at a greater risk of fines and penalties. Banking assets are the number one remitted property type in most states. Not only does this deplete the assets under your management, ever-changing unclaimed property laws also leave banks and credit unions at risk of non-compliance, which can result in significant fines and penalties.
Be sure your organization's policies and procedures are up-to-date! We will go over case studies to illustrate the best policies and procedures to have in place.