here - Massachusetts Bankers Association

Achieving Unclaimed Property Compliance
Best Practices for the Banking Industry
Webinar  February 10, 2015, 2:30-4:30 PM
Get ready for the fall escheat reporting season! When unclaimed property is not correctly managed, the risk of audits, fines and
penalties becomes a reality. This webinar will help you better manage and control this important compliance responsibility.
The normal, everyday operation of your institution results in the generation of unclaimed financial obligations, where customer accounts
that are not properly tracked and checks that are not cashed or remain
outstanding, may become reportable as unclaimed property.
When unclaimed property obligations are not correctly aged, managed
and reported, the risk of state audits, subsequent fines and penalties
become a distinct reality. Unclaimed property compliance is especially
critical for financial institutions because it typically impacts their number
one asset: customer relationships. There are more than 100 property
types and 54 legal jurisdictions where you may have obligation to file
an unclaimed property report.
Though it might initially seem overly complex and overwhelming,
there are some basic steps that you can take to help your institution
become more compliant with the laws. This webinar provides an
overview of the law and basic tips to better manage and control this
important compliance responsibility. The program is being presented
at the national level and does not reflect any particular state’s law.
 History and background of the law
 Where and how to file your reports
 Property types applicable to the law
 Due diligence requirements
Maureen Ferrari, Vice President of Operations, Keane and Barbara
Rice, State Bank Compliance Liaison, Keane.
What is a Webinar?
A webinar is an online seminar featuring audio, PowerPoint and interactive
features. It may viewed on most devices (computer, tablet or smartphone).
Live Webinar Option - Each Live Webinar registration provides one
connection to the webinar, materials and access to the On-Demand Webinar for 30 days. You will be able to ask the speaker questions during the
broadcast. You will receive instructions and materials prior to the seminar.
On-Demand Webinar Option - An On-Demand Webinar is
a recorded webinar that can be viewed at your convenience (24/7).
With an On-Demand Webinar registration, you may view the program for 6 months (access to the live webinar is not included).
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Support: (for faster service please submit via email or online):
Registration Questions: Email: [email protected], Phone:
(877) 988-7526; Broadcast Questions: Phone: 281-500-4065 x 1, Online:; Content Questions contact MBA 617-523-7595.
Transmission, retransmission or republishing of the audio portion of the seminar is prohibited. Your registration entitles you to 1
connection at 1 location with permission to copy materials for participants. Complete one registration per location.
Please check all appropriate boxes
February 10, 2015
$530 nonmem
$560 nonmem
 Service charges and fees
Unclaimed Property Compliance
Live Webinar
$265 mem
On-Demand Webinar*
$280 mem
 New legislative changes and reporting deadlines
We cannot guarantee registration for incomplete and/or illegible registration
forms received. Please complete the form and type or write carefully.
 Determining and tracking dormant accounts
 Safe deposit box contents
*Unlimited online access to a copy of the webinar for 6 months from purchase date
 Recent state inforcement efforts (tracking inactivity vs. RPO)
Mailing Address
 How to prepare for/avoid an audit
 Fines & penalties
 Best practices & tips for retaining your customer/accounts
Why Participate?
This program provides an overview of unclaimed property reporting requirements, recent enforcement actions, legislative and legal updates,
best practices and tips for filing reports, tracking accounts, retaining
your customers/accounts and more. It will help you and your bank:
 Avoid Reputational Risk
 Avoid Prematurely Closing a Customer’s Accounts
 Avoid fines and penalties
 Prepare for or Avoid an Audit
Anyone charged with the oversight, management and reporting
responsibilities associated with unclaimed property compliance;
including operations officers, risk management, compliance and
internal auditors.
Three Ways to Register
Mail completed form with check payable to
ConferenceEdge: (Mail 10 days prior to event)
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Call ConferenceEdge at (877) 988-7526 (credit card
payments only)
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