Unclaimed Property: Identifying & Managing Compliance Exposure in 2025

Complying with state unclaimed laws has never been an easy process.  A complicated web of non-uniform reporting requirements, coupled with the constant threat of enforcement activities from many different directions, has turned a valuable consumer advocacy concept into an area of financial and reputational risk, a drain on important internal resources, and an often-frustrating regulatory experience like no other.  This session will summarize the current compliance environment, highlight real time events and efforts geared toward increasing compliance, and reinforce the benefits in maintaining a properly managed unclaimed property program in your organization.

Jim Sadik
Principal, Baker Tilly

Jim has more than 36 years of experience in all aspects of unclaimed property compliance and enforcement. Throughout his lengthy career, both as a former state contract auditor and now as a holder advocate, Jim has focused on helping clients find practical solutions to many complex unclaimed property audit and reporting issues, impacting holders in many industries. Jim currently specializes in the defense of publicly traded companies that are subject to multi-state unclaimed securities audits, audit defense of registered broker/dealers and banks, along with representing holders in a variety of industries including health and property/casualty insurers, retailers & restaurants, manufacturers, gaming & gambling organizations, holders of financial deposits and investment assets, and energy exploration companies.

Grace Chlosta
Content Manager, IOFM

Grace Chlosta joined the Institute of Finance & Management (IOFM) in 2022 in a new role for the team as the Content Manager. She is responsible for the planning, organization, development, and implementation of all the content for IOFM’s digital products and (virtual and in-person) events. Grace is committed to ensuring that IOFM’s content stays timely, relevant, and actionable for all financial operations professionals, and works closely with a team of content developers, industry leaders, and subject matter experts to guarantee this happens.