Due Diligence for Unclaimed Property

Due diligence is a vital component of many compliance regimes, including the one for unclaimed property (UP). AR managers need to understand what due diligence entails and take the necessary steps to keep their companies in compliance and avoid costly fines and penalties. Every state and territorial unclaimed property law requires that some form of due diligence be performed as a last-ditch attempt to find a property owner. Not only is it a method for resolving items and returning them to the…