Abandoned and unclaimed property

The power of data.

 

Complying with the myriad of abandoned and unclaimed property (“AUP”) laws is increasingly complicated. All fifty states, the District of Columbia, Puerto Rico, Guam, and the US Virgin Islands continue to increase their scrutiny of regulatory compliance of companies to ensure they are in compliance with such laws. The result is that many organizations are experiencing an increase in audits and stricter escheat reporting requirements. Many companies struggle to establish a lasting process to maintain ongoing compliance.

How are abandoned and unclaimed property liabilities affecting your bottom line?

Companies are looking for ways to transform and better manage their AUP compliance process by adopting a technology-enabled co-sourcing arrangement that improves data sharing and real-time communications among teams and business functions. Our proprietary technology--aupHOLDER, coupled with our experienced specialists and proven process, provides companies an end-to-end AUP compliance solution, saving time and money. 

Our network of AUP specialists have experience and specialized knowledge in audit defense, compliance, and voluntary disclosures.

We can help you with:

  • Reducing overall AUP exposure
  • Decreasing risks for potential penalties and interest
  • Increase AUP compliance in various jurisdictions to avoid penalties in the future
  • Limiting the number of prior years subject to audit review