Blog post by Moyer & Osibodu Please be aware that the state of Connecticut has changed its 2013 unclaimed property filing deadline to March 28.  As a result of the original filing deadline of March 31 falling on a Sunday …
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Blog post by Moyer & Osibodu If your company has been considering whether to apply to participate in the Delaware Voluntary Disclosure Agreement (VDA) Program or take a chance on the Delaware unclaimed property audit ‘lottery’, you are quickly running …
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Blog Post by Moyer & Osibodu 1. Operating within a target industry, such as life insurance, title insurance, oil & gas, retail, manufacturing, pharmaceutical, healthcare, securities and financial services. 2. Incorporating in certain states, such as Delaware, New York, Florida, …
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Blog Post by Moyer & Osibodu 1. The states unclaimed property laws originated from old British Common (Escheat) Laws, when in the event of a death without heirs, ownership of the property reverted to the King. Although we still use …
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Blog Post by Moyer & Osibodu 1. Lack of adequate and complete accounting records during the audit period. 2. Lack of written unclaimed property policies & procedures or lack of compliance with company’s accounting policies and procedures. 3. Failure to …
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Blog Post by Moyer & Osibodu Nobody likes to be audited, and unclaimed property audits are no exception (because an average audit routinely generates multi-million dollars in assessment). Enforcement activities are ways that states ensure compliance with their laws and …
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Blog Post by Moyer & Osibodu   Like most states, Florida has a Voluntary Disclosure Program for entities wishing to participate and report their past due unclaimed property to the state. This program, gives both in-state and out-of-state businesses a …
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Blog Post by Kathleen Moyer, Managing Partner – Compliance Services Last month I had the opportunity to speak at the Association of Insurance Compliance Professionals (AICP) annual conference in San Antonio, Texas.  Recent headlines have given the reputation of the …
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Blog Post by Josiah Osibodu, Managing Partner – Consulting Services Each state has different rules, but one thing is consistent throughout all the U.S., companies must report their unclaimed escrow balances to the state, each year.  With all the news …
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October 22, 2012  Blog Post by Kathleen Moyer, Managing Partner – Compliance Services While states work to locate owners of unclaimed funds, the state treasuries hold billions of dollars that is reported annually by various businesses.  For example, the state …
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