Overview
Unclaimed property compliance doesn’t end at the U.S. borders. Understanding international unclaimed property requirements is an essential part of a comprehensive compliance program. Diann Smith presented on this topic during a webinar hosted by UPPO, exploring matters relating to international unclaimed property, with an emphasis on Canadian regulations. Discussion covered varying provincial regulations, how they compare to those in the U.S., potential conflicts with U.S. statutes, and methods for determining the applicability of domestic laws to foreign property.
Learning Objectives:
- Identify strategies for identifying and claiming funds – including corporate structure, locations, and property types.
- Understand the requirements of Canadian unclaimed property laws, examining variations by province.
- Examine considerations to determine whether certain foreign property may be reportable to your state of incorporation or abroad.
- Analyze potential conflicts between international unclaimed property laws and regulations in the United States.
