Site news

Unclaimed Property Compliance for Financial Institutions - Webinar

Unclaimed Property Compliance for Financial Institutions - Webinar

by Deb Rondeau -
Number of replies: 0

Center for Financial Training
Webinar - Live and Recorded Options Available

Unclaimed Property Compliance for Financial Institutions

Friday, August 2, 2019
11:00 AM - 1:00 PM (Eastern Time)

 

CFT Webinars are purely educational. Instructors are not permitted to sell any products or services during the presentation.

Program Content:

Financial institutions face the unique challenge of complying with state unclaimed property law while managing customer relationships and protecting customer assets. Escheating a customer’s account timely is critical to maintain compliance, but can also yield negative results and organizational risks if the customer is not truly lost or inactive.

This webinar will focus on complex state unclaimed property reporting requirements and the unique challenges facing banks and other financial institutions. Learn best practices to mitigate risk proactively, efficiently track customer contact, and monitor recent legislative updates that could impact your organization.

Covered Topics:

  • Overview of unclaimed property reporting requirements
  • Trends impacting financial organizations
  • Handling of unique property types, such as IRAs, CDs, and Safe Deposit Boxes
  • State dormancy periods
  • Exemptions and deductions
  • Owner outreach and due diligence campaigns
  • Best practices for maintaining contact with customers
  • Costly pitfalls and reporting errors to avoid

Who Should Attend?:

Anyone responsible for the oversight, management, and reporting of unclaimed property; such as bank operations managers, compliance officers, risk managers, and internal auditors. Please forward email to appropriate person(s).

Instructors:

Maggie Young is a Senior Manager in Crowe’s State and Local Tax practice and has nine years of experience in state taxation. Her primary focus is unclaimed property consulting and compliance. She has extensive experience with state controversy resolution in the field of unclaimed property, income tax, and sales tax. Maggie specializes in multistate unclaimed property compliance, voluntary disclosures, audit defense, risk mitigation, and exposure analysis. She assists clients in the retail, manufacturing, and financial services industries. Prior to joining Crowe, she was a tax auditor for the State of Michigan. Maggie is a licensed CPA in Illinois and certified by the Unclaimed Property Professionals Organization.

Michael Unger is a Senior Manager in Crowe’s Unclaimed Property practice. He has assisted complex, multinational companies with a variety of unclaimed property matters. Michael specializes in annual compliance, exemption analysis and liability reduction, state voluntary disclosures, and audit defense representation. Michael is a lead for Crowe’s unclaimed property controversy services, having navigated numerous multi-jurisdictional unclaimed property settlements and advocating for more favorable outcomes for his clients. He also has a history of success in challenging questionable state audit techniques. Michael has a decade of unclaimed property experience and advises clients in several industries. He serves as the unclaimed property leader for Crowe’s financials sector and has heavy involvement in the controversy service line for healthcare, retail, and technology. Michael is certified by the Unclaimed Property Professionals Organization and has his MBA from the University of Missouri.

Zach Robbins has been a member of Crowe’s State and Local Tax practice since August 2015. He provides consulting and compliance services related to unclaimed property, credits and incentives, and sales and use tax. Zach has 5 years of unclaimed property experience and focuses his time on assisting clients with multistate compliance, voluntary disclosures, audit defense and risk mitigation. Zach received his undergraduate degree from The George Washington University in Washington, D.C. and his juris doctor from Suffolk University Law School in Boston. He is a member of the Illinois bar and certified by the Unclaimed Property Professionals Organization.

What Is A Webinar?:

A webinar combines the clarity of an audio teleconference with the interactivity and visual presentation of the internet. All you need to participate is a telephone and an internet connection. Even if you don't have an internet connection, you can still participate in the audio session. Listening to the program over the telephone and following the written materials is an effective alternative!

Unable To Attend?:

No problem. You can purchase a recording of the webinar for future use. You can choose from either an On-Demand Web Link (Good for 6 months from the webinar date, unlimited use) or a CD-ROM (includes a paper copy of the PowerPoint slides).

Viewing Options (all options include applicable handouts):

All options include applicable handouts. You can choose to pay by credit card or be billed. Additional Live Webinar connections are $75 each.

Option 1: Live Webinar and 7 Days OnDemand Video Playback - $265

Option 2: OnDemand Video (six months access) - $295

Option 3: Live and 6 Months of OnDemand Video - $365

Option 4: CD-ROM Video (Includes OnDemand Video) - $345

Option 5: Entire Package (all of the above) - $395

Powered by Total Training Solutions!

 

Recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Quick Links:

Purchase This Webinar
See viewing options below.

Webinar Subscription Packages

 

Additional Educational Opportunities

 


Questions?

Please contact Scott Briggs at
800-795-5242 X1180 or scott@cfteducation.org

 

Looking for more in depth compliance training? Check out the 2019 Federal Compliance School!: Click Here