Discover the power of Voluntary Disclosure Agreement (VDA) programs for businesses. Learn how enrolling in a VDA program can help achieve compliance with unclaimed property reporting obligations while avoiding interest and penalties. Explore the exception in New Jersey and the benefits of shorter look-back periods.
Whether tangible or intangible, unclaimed property is held by a company that has been abandoned or left unclaimed for a certain period, typically due to account inactivity or owner contact (known as a dormancy period). States are increasingly targeting unclaimed property as a way to gain sources of non-tax revenue to address budget shortfalls.
DUNBAR NEWSLETTER Q1 2021 Dunbar Newsletter Q1 2021 (PDF) WHAT’S INSIDE: Looking Ahead Proactive Measures Case Study: Preparing for Growth Regulatory Alert! Spotlight: Steve Kelly
MERGERS AND ACQUISITIONS IN THE BANKING INDUSTRY CAN REAP BIG REWARDS Mergers and acquisitions in the banking industry can reap big rewards: new customers, new product lines and an increased footprint, to name a few. But rewards often come with risk, particularly if there are unexamined or overlooked compliance challenges. One often overlooked risk area […]
DUNBAR HIRES MAUREEN FERRARI GROLLMAN AS NATIONAL PRACTICE LEADER FOR UNCLAIMED PROPERTY CONSULTING AND REPORTING SERVICES
DUNBAR HIRES MAUREEN FERRARI GROLLMAN AS NATIONAL PRACTICE LEADER FOR UNCLAIMED PROPERTY CONSULTING AND REPORTING SERVICES Las Vegas, NV – Dunbar, a full-service unclaimed property firm announced today that Maureen Ferrari Grollman, former managing partner at Unclaimed Property Advocates, has joined their team to lead their growing unclaimed property reporting and consulting services. Ferrari Grollman is […]
NEW LEGISLATION COULD IMPACT YOUR UNCLAIMED PROPERTY Dunbar actively monitors unclaimed property-related legislation to ensure that our clients and connections are aware of legislation that could impact their industry. Currently, there are four proposed changes to state unclaimed property statutes that you might want to keep on your radar. The first is in Ohio. The proposed bill […]
NEW COMPANY FINDS HEIRS OF ABANDONED ACCOUNTS BY JEFFREY MEEHAN LAS VEGAS BUSINESS PRESS June 19, 2017 – 8:55 am Seth Schorr, a well-known player in the hospitality industry, is fostering a new type of venture in Las Vegas. Schorr, through his company named Dunbar LLC, is working with banks, brokerage firms and other financial […]
7 THINGS ALL CALIFORNIA BANKS SHOULD BE AWARE OF REGARDING UNCLAIMED PROPERTY William (BJ) Hanson Executive Director of Dunbar The state of California is known for its scenic landscapes, endless sandy beaches and some of the most vibrant metropolitan areas in the country. When it comes to laws and regulations surrounding unclaimed property, however, the […]
FIND THE OWNERS TO AVOID ESCHEATMENT Michael Koester Director of Research and Recovery One of the most overlooked aspects of unclaimed property, in my opinion, is having in place quality procedures to minimize losing your owners. Yes. It is much easier to follow the due diligence requirements and escheat in a timely manner but from […]
THE FOUR DEADLY SINS OF UNCLAIMED PROPERTY REPORTING Maureen Ferrari-Grollman, Managing Partner, Unclaimed Property Advocates A review of recent unclaimed property related news reveals state’s jurisdictional battles playing out in the courts, legislators proposing laws to broaden unclaimed property laws and plug budget shortfalls, and states seeking jurisdiction over matured federal savings bonds. The pressure to […]