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Unclaimed Property: Why Your Organization Can't Afford NOT to Be in Compliance

Date: Recorded
Every state has an unclaimed property law to which compliance is mandatory. However, there are still many organizations subject to these laws who are unfamiliar with what is required and the consequences of being noncompliant.

States have recently become more focused on locating noncomplying entities with the intent of bringing them into compliance though either cooperative outreach programs or, increasingly, through rigorous audits. Therefore, it is imperative that all entities proactively ensure that they are in full compliance with the states' unclaimed property laws.

This webinar will provide practical information on what is unclaimed property, who must comply, the consequences of non-compliance and suggested proactive measures to achieve full compliance.

Agenda

What Is Unclaimed Property?
  • Definition
Who Must Comply With the States' Unclaimed Property Laws?
  • Rules of Jurisdiction
  • Overview of State Law Requirements
Why Should You Be Concerned About Compliance?
  • Increasing State Compliance Efforts
  • Industry-Focused Audits
  • Penalties for Non-compliance
  • Sarbanes-Oxley Ramifications
How Do You Become Compliant?
  • Voluntary Compliance Initiatives
  • Ongoing Compliance Best Practices
About The Presenters

Laurie Andrews, CFE
  • Manager with Keane Unclaimed Property
  • Extensive unclaimed property background focused on unclaimed property fraud prevention, claims and research
  • Throughout her career, she was involved with all areas of unclaimed property and developed and provided training about fraud, customer service, and claims to her staff, other departments within the Pennsylvania Treasury, and other unclaimed property state programs
  • Joined the Keane Unclaimed Property Practice following more than 15 years of service with the Pennsylvania Department of Treasury
Paul MacCready
  • Director of Insurance Solutions, Keane
  • More than 25 years of diverse and extensive experience in the insurance industry
  • Areas of specialty include operations, strategic planning, executive management, claims administration and Verus audits
  • Expertise in compliance, underwriting, performance management, business development and unclaimed property
  • Served as a CEO, COO, vice president of Operations, and director of Internal Consulting within various insurance entities in addition to his work as an external consultant
  • Successfully led systems conversions, reductions-in-force, turnaround efforts, new market development and day-to-day operations
  • Most recent experience has focused on the operational impact of “fuzzy match” type audits and “DMF” regulations on insurance entities
  • One of the few people with end to end, hands on experience of a Verus audit including the remit phase
  • Member of Unclaimed Property Professionals Organization
Order:
Unclaimed Property: Why Your Organization Can't Afford NOT to Be in Compliance
Available on CD format
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