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Course/Product Description
Title:

Best Practices in Handling Dormant Bank Accounts and The Escheatment Process

SKU:WC-1015128
Date / Time: Recorded
Format: Webinar
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Description:

Many states are updating their state regulations and/or changing their unclaimed property statutes that will impact the tracking of dormant accounts and reporting requirements in the financial services area.

Properly tracking and confirming customer-generated activity vs. identifying an account as dormant based on previous banking practices is just one of the areas that state auditors and their contractors are carefully reviewing during an audit.

This webinar provides an overview of the unclaimed property laws, due diligence requirements, recent statutory changes and suggested best practices to ensure compliance with the various state unclaimed property laws.

Agenda

  • Fast Facts on Unclaimed Property
  • Relevant Property Types in the Banking Area
  • Rules of Jurisdiction
  • State/Holder Requirements
  • Recent State Developments
  • Defining Dormancy vs. Inactivity
  • Avoiding Missteps Regarding Fees and Other Service Charges<
  • State Enforcement Update
  • The 2015 Hot Topics: CDs and IRAs
  • Fines and Penalties
  • Best Practices
About The Presenters

Maureen Ferrari
  • Vice president of Reporting, Keane
  • Brings 20 years of experience in unclaimed property to Keane where she serves as vice president of reporting for Keane’s outsourced unclaimed property reporting; servicing more than 4,000 reporting entities in the banking, brokerage, mutual fund, transfer agent and insurance industries
  • Her expertise in unclaimed property encompasses reporting, claims processing, customer service and call center operations, newspaper advertising and media relations
  • As the former assistant director and chief of staff for the Pennsylvania Treasury Department’s Bureau of Unclaimed Property, she oversaw 88 employees in three locations and was responsible for education and compliance through business-to-business marketing, seminars and webinars, as well as audits and voluntary compliance efforts
  • Held several other positions with the Pennsylvania Treasury’s Bureau of Unclaimed Property including division manager for claims, manager of public relations and claims, and manager of customer service and public outreach
  • Speaks frequently on the national level about unclaimed property reporting and best practices
  • B.A. degree in political science and post baccalaureate diploma in marketing communications, Elizabethtown College
Michael J. Ryan
  • Senior vice president at Keane
  • Has been with Keane for more than eight years and overseas the banking and brokerage division
  • Involved in various State Bankers Associations; including California, Florida and New York
  • Has more than 20 years of experience in the unclaimed property industry
  • Started his career at JP Morgan within the stock transfer division assisting Fortune 100 companies comply with state unclaimed property laws
  • Active member of the Unclaimed Property Professionals Organization (UPPO); including serving as president for over four years; the longest in their history
  • Appeared on CNN, and has been interviewed for many industry articles including an article for American Bankers Association


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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