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Unclaimed Property Compliance for Financial Institutions

Explore the key unclaimed property compliance challenges facing financial institutions, including reporting requirements, organizational risk areas, and recent legislative developments, and gain practical strategies to strengthen reporting processes and reduce risk.
OnDemand
DATE

Recorded Friday,
July 17, 2026

INSTRUCTOR

Tom BaldwinGrant FaustinoBrian Abbey

DURATION

1 Hour

FORMAT

Webinar

$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Compliance
  • Deposit Accounts
  • Deposit Compliance
  • General Compliance
  • IRAs
  • Risk Management/Legal
  • Safe Deposit
  • Transaction Compliance
  • Bank Legal Counsel
  • Branch Manager
  • Compliance Officer
  • Controller/Accountant
  • Deposit Operations Manager/Specialist
  • Risk Manager

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Financial institutions face the unique challenge of complying with state unclaimed property law while managing customer relationships and protecting customer assets.

Escheating a customer’s account timely is critical to maintain compliance but can also yield negative results and organizational risks if the customer is not truly lost or inactive.

This webinar will focus on complex state unclaimed property reporting requirements and the unique challenges facing banks and other financial institutions. Learn best practices to mitigate risk proactively, efficiently track customer contact, and monitor recent legislative updates that could impact your organization.

What You'll Learn

  • Understand key state unclaimed property requirements affecting banks and other financial
    institutions.
  • Identify common compliance pitfalls involving dormancy, due diligence, owner contact, and
    reporting.
  • Learn how to balance timely escheatment with customer relationship and reputational risk.
  • Explore best practices for tracking customer activity, linking accounts, and improving outreach
    efforts.
  • Review audit trends, enforcement risks, and areas of focus for financial institutions.
  • Stay current on recent legislative and regulatory developments that may affect reporting
    obligations.

Who Should Attend

This webinar is designed for compliance, tax, legal, finance, operations, and deposit management professionals at banks and other financial institutions who are involved in their organization’s unclaimed property compliance efforts. It is also valuable for professionals overseeing policy development and regulatory risk management, as well as management-level employees interested in understanding organizational risks and industry best practices related to unclaimed property.
Tom Baldwin

Instructor Bio

Tom Baldwin has been a member of Crowe’s State and Local Tax group since 2023. He supports clients with multistate compliance and consulting services across a variety of complexity levels, including audit defense, voluntary disclosures, and asset recovery. Tom received his Juris Doctor from Suffolk University and is admitted to the bar in the State of Massachusetts.

Grant Faustino

Instructor Bio

Grant Faustino has been a member of Crowe’s State and Local Tax group specializing in unclaimed property since 2021. Prior to joining Crowe, he was a statistician at an unclaimed property audit firm specializing in statistical sampling and liability estimation. Outside of unclaimed property, Grant is a member of Crowe’s Tax Specialty Consulting Transformation Team where he focuses on process improvement and technology implementation both internally for teams at Crowe and for Crowe’s Tax clients. Grant received his Master’s degree in Economics from the University of New Hampshire.

Brian Abbey

Instructor Bio

Brian Abbey has more than five years of experience providing clients with unclaimed property services. His industry expertise is in financial services. He specializes in multistate unclaimed property consulting and compliance services, including exposure analysis, policy and procedure support, voluntary disclosures, audit defense, and compliance outsourcing.

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