Federal Scrutiny of State Escheat Practices Intensifies

This article originally appeared in Tax Notes. 

State unclaimed property enforcement has entered a period of accelerated expansion, and recent federal attention suggests the policy debate is shifting in ways that directly affect financial institutions, broker-dealers, retirement plan providers, transfer agents, and other holders of customer assets.

BDO’s Paul Criscuolo and Patricia Kashawlic provide the full details in the full article in Tax Notes.