With the rise in unclaimed property audits, shrinking dormancy periods, and ever-changing regulation across the 55 reporting jurisdictions, banks and credit unions are having to devote more time and resources than ever to stay on top of complex unclaimed property requirements.
As a full service provider of unclaimed property services, Georgeson has a strong track record of providing banks and credit unions with the right kind of support to help make unclaimed property processes easy to manage, and help keep your most important asset – your customers – satisfied and protected from having their assets escheated.
Unclaimed Property Topics in Banking for 2018
Four ways you can stop escheatment before it happens
Eight common reasons banks and credit unions aren’t compliant with unclaimed property filings
We can help you:
Identify where your risk areas are and implement steps to mitigate your exposure
Educate your owners on how to avoid escheatment, helping them resolve challenges in a clear and transparent manner
Navigate an unclaimed property audit, remediation, and voluntary disclosure agreements
Complete your annual compliance requirements
Locate your lost or dormant owners using our deep research capabilities
Free up internal resources so you can focus on your core business
Unclaimed Property Consulting
High level and comprehensive unclaimed property compliance assessments
Support with Audits
Council on Voluntary Disclosure Agreements
Due diligence during M&A
Policies and Procedures
Team training
Owner Location Programs
Deep research capabilities
Clear and transparent owner outreach by mail and phone
Reduced corporate expenses and risk of escheatment
Mitigate your audit risk
Unclaimed Property Annual Reporting
Industry leading due diligence strategies
Filing of reports for all 55 reporting jurisdictions
Unclaimed property reports review
Dormant accounts analysis
Client Stories and Insights
Financial Services Case Study: Addressing non-compliance issues with an Unclaimed Property CheckUp
Seven reasons to outsource your bank/credit union's unclaimed property services
Dana Terry discusses the 5Ws of Due Diligence
Let’s stay in touch
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