We understand that when it comes to unclaimed property reporting, keeping up with state regulations is a time-consuming, complex process — and most companies don’t have the in-house resources to keep up with compliance and escheat laws. That’s where Dunbar steps in.
When you outsource your unclaimed property reporting to Dunbar, we don’t just process data and create unclaimed property reports for you — we take a consultative approach. If we detect data problems, missing property types, or out-of-compliance elements that could result in fines or penalties, we take the time to discuss these concerns with you. This allows you to be proactive and solve potential issues before unclaimed property reports are sent to the states.
Our team of unclaimed property reporting specialists possesses the expertise to help you through the complexities of the escheatment process. Regardless of company size or industry, Dunbar is here to enhance, design, and deploy a solution that meets your needs and helps attain regulatory compliance.
With unclaimed property audits being an ongoing concern for holders, it’s never been more essential to stay on track with performing due diligence. This type of communication makes individuals aware of the impending transfer of their property to the custody of the state — a crucial component before the escheatment of funds deemed legally necessary by most states and territories. Due diligence mailings are a formal notice that need to be sent to the owner before their funds are escheated to the states.
In addition to reporting, Dunbar helps manage your unclaimed property with the following services:
Our team has an intimate understanding of various state escheat laws and is here to help you streamline your compliance initiatives. For more information about how Dunbar can help with the unclaimed property reporting process, reach out to our specialists today.