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A Guide to Effective Escheatment Management

Virtual Seminar

Tuesday, May 6, 2014
1 - 5 pm EDT

Member: $375 | Non-member: $475
Registration Deadline:
4.5 CTP/CCM Credits
4.5 CPE Credit
CPE Field of Study: Specialized Knowledge & Applications

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Course Description

The workshop is designed as a guide for those who need to understand state unclaimed property requirements and the risks associated with inadequate or inaccurate compliance. Concepts, industry terminology, the different types of unclaimed property, and a business’ basic compliance obligations are explained. Attendees learn about effective escheatment management topics, including risk minimization, mitigation and remediation; the framework for creating unclaimed property policies and procedures; examples of internal compliance organization schemes and the composition of the internal compliance team. Further, the realities of state voluntary disclosure programs, unclaimed property audits and non-compliance penalties and interest charges are discussed. To close the program, information about pertinent and current trends, recently enacted and pending legislation, regulation and interpretations will be provided.

Learning Objectives

  • Gain an understanding of the basic unclaimed property requirements 
  • Identify the risks posed by inadequate or inaccurate escheatment compliance 
  • Explore the policy/procedures and internal structural elements associated with effective escheatment management 
  • Consider suggested risk management concepts including creation of an internal team and organizational compliance structure and risk minimizing policies and procedures

Pre-Requisites

None

Speaker(s)

Karen L. Anderson

Senior Vice President, Unclaimed Property Recovery and Reporting, LLC

Ms. Karen Anderson is Senior Vice President at Unclaimed Property Recovery and Reporting, LLC (UPRR). A 25-year veteran of the unclaimed property industry, Karen was the Illinois Unclaimed Property Administrator in the late 1980s and early 1990s after having served on the policy staff of an Illinois Governor. Later, Ms. Anderson became the first Director of the National Association of Unclaimed Property Administrators and in 1996 she joined UPRR.

Karen holds a J.D. degree from Loyola University of Chicago’s School of Law and a B.A degree from Eastern Illinois University. Currently, Karen is the President of the Unclaimed Property Professionals Organization (UPPO) and a member of the STA Unclaimed Property Committee.


Will King

Vice President and Associate General Counsel, Unclaimed Property Recovery and Reporting, LLC

In addition to serving as Associate General Counsel, Will King is also a Vice President overseeing UPRR’s oil and gas industry programs and assisting holders with multi-jurisdictional compliance issues and providing audit defense guidance. Will has authored and co-authored several articles about unclaimed property issues, including a recent law review piece on due process considerations in state unclaimed property audits. 

Will’s previous experience includes time in the litigation departments of Steptoe and Johnson, LLP in Washington, DC and Phelps Dunbar, LLP in New Orleans. He is a graduate of George Washington University and received his JD from Suffolk University Law School where he was a note editor of the Suffolk University Law Review and member of the Phi Delta Phi legal fraternity.

Click here for information on CTP/CCM and CPE credit requirements.

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