Keane's Unclaimed Property Blog
Unclaimed property voluntary disclosure programs are excellent opportunities for holders to become compliant without fear of an audit, fines, and penalties. Keane’s National Consulting & Advisory Services Team has provided information below on recent programs in Arkansas, Delaware, Minnesota & Texas.
On August 5, 2014, Florida’s First District Court of Appeal issued an opinion in an appeal brought by Thrivent Financial for Lutherans from a declaratory statement issued by the Florida Department of Financial Services (DFS). In reversing DFS’s declaratory statement, the First District held that the Department’s interpretation of Florida unclaimed property law was “clearly […]
Are you interested in learning the key requirements for Illinois unclaimed property reporting? For those tasked with the responsibilities of escheat reporting, it is important to have an understanding of your organization’s unclaimed property business obligations and to be aware of legislative or regulatory activity that may affect daily business operations. Below you will find […]
Are you prepared for the upcoming fall escheat reporting season? With a lengthy list of duties and obligations, it is important for banks and credit unions to be aware of the latest legislative changes impacting their industry. Failing to understand all aspects of unclaimed property compliance and unique sets of escheat laws by state may […]
The first meeting of the Delaware Unclaimed Property task force was held on July 24, 2014. Keane Director of Compliance, Freda Pepper, was in attendance and has provided a recap of this initial meeting of the task force. This group is being asked “to inquire into, examine, study and make findings and recommendations related to improving fairness and compliance in Delaware’s unclaimed property program.”