WHO SHOULD ATTEND?

This informative session is designed for deposit operations staff, safe deposit box personnel, Compliance Officers, Internal Auditors, and anyone responsible for handling the dormant account and escheatment process.

WHAT YOU WILL LEARN

• Understanding your institution’s responsibilities under the Uniform Unclaimed Property Act
• Defining key terms of dormancy, unclaimed property, abandoned property and escheatment.
• Obtaining filing information from your state
• Documenting communication efforts with dormant accountholders
• Managing your dormant/unclaimed funds compliance program to avoid or prepare for a state audit
• Reviewing fines and penalties for non-compliance