Navigating through the Maze of Unclaimed Property Compliance - Unique Rules and Regulations for Financial Institutions

• Overview
• Agenda
• Faculty
• Credits

Benefits

Financial institutions are frequently challenged to keep up and implement the ever changing federal and state requirements imposed on this industry. Ensuring that proper internal controls, risk management and fraud prevention are adequately addressed is critical. One of the additional areas of compliance includes ensuring that you have established proper procedures and controls to prepare for the upcoming unclaimed property filings.

Though these laws have been in effect since the early 1900s there are still financial institutions facing significant assessments and aggressive audits due to noncompliance. It is imperative that you have adequately addressed these and many more of the responsibilities associated with the various state unclaimed property regulations. This teleconference will provide a foundation and greater understanding relating to the purpose of the laws, what every company should know and understand about the consequences of noncompliance, performing adequate and statutorily required due diligence, and implementing the necessary steps to ensure you are prepared for a compliance examination. We will also provide measures to achieve internal best practices and compliance as well as a summary of the latest state regulatory requirements, various cases, enforcement efforts, voluntary disclosures and state legislative updates. Whether you have been responsible for filing these reports for years or are fairly new to this area, this teleconference is a must-attend for you and other chief risk and compliance officers within your company.