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Practical Knowledge and Industry Insights Highlight Annual Convention Sessions

Posted By Administration, Thursday, January 2, 2020

Unclaimed property professionals face a myriad of compliance challenges as they manage their companies’ escheatment responsibilities. This year’s UPPO Annual Conference agenda offers a wide variety of sessions designed to help navigate that maze and keep up with the latest trends.


Audits and VDAs

Always hot topics, unclaimed property audits and voluntary disclosure agreements will take center stage in several sessions. 


Unclaimed property professionals who haven’t experience the audit process firsthand can gain an understanding of the concepts, timelines and expectations at the Audit 101 session. This introduction to audits will explore the scope and methodologies used by states and their third-party auditors. 


After completing a voluntary compliance review, holders often face a decision about how to resolve past-due liabilities. The VDA or Wait? Session will discuss how gaps in compliance can be resolved, including through state voluntary disclosure programs, and the pros and cons of different approaches. 


While a lot happens in between, actions taken at the beginning and end of an audit can have significant impacts to the outcome of the exam. The Audits: The Beginning & The End will feature an in-depth discussion on NDAs, audit kick-offs, scoping, settlement agreements and closing discussions. 


Getting through an unclaimed property audit can take a team that includes holders, lawyers and consultants. During the Audit Perspectives general session, an expert panel will discuss recent audit experiences, significant issues and resolutions, and suggested tips and tricks. 


Processes and Practices

Several annual conference sessions will focus on the practical considerations for effective unclaimed property compliance.


Exemptions provide holders with the ability to reduce their unclaimed property liability. The Exemptions and Deductions session will explore how to identify and correctly apply exemptions and deductions, and the role of FASB standards. 


Maintaining and documenting contact with property owners plays a vital role in unclaimed property management. The Contact and Activity Standards session will examine the ways companies interact with owners, the importance of properly recording activity and the effects on compliance. 


Due diligence is required in all jurisdictions. During the Due Diligence on Dormant Property session, gain insight into calculating dormancy, increasing response rates, notifying owners efficiently, locating hard-to-find owners, structuring the due diligence letter, and identifying exceptions to the general due diligence requirements. 


Unclaimed property professionals communicate with several different audiences, each with varying degrees of insight and interest regrading unclaimed property. Having conversations with staff, management, third parties and states can be challenging. The Effective Communication Strategies session will explore real-life conversations encountered by unclaimed property professionals. 


Industry Focus

One of the great benefits of attending an event with hundreds of other unclaimed property professionals is the ability to “talk shop” about the specific challenges in the industry in which your company does business. 


The Annual Conference features industry-specific breakouts and educational sessions for:

  • Banking/FinTech
  • Securities/Mutual Funds/Broker Dealers/Transfer Agents
  • Life Insurance
  • P&C Insurance
  • Manufacturing
  • Retail/Hospitality
  • Oil & Gas/Energy
  • Telecommunications & Technology
  • Healthcare Providers and Insurers 
  • Claimant’s Representative/Asset Recovery

This blog post provides a mere snapshot of a few UPPO Annual Conference sessions. View complete details about educational sessions and other 2020 UPPO Annual Conference events. The early-bird registration deadline is Jan. 27, so register today for the best rate.




Tags:  Annual Conference  UPPO Annual Conference 

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