Webinar: Compliance with Unclaimed Property Regulations
This webinar will be recorded and distributed to registered attendees on July 8. Attendees will be able to download the program in its entirety, the link will never expire and there are no limitations on how many times the program is viewed. Speaker contact information will be provided, should registrants have any follow-up questions.
The North Carolina Department of State Treasurer Unclaimed Property Division (UPD) is committed to assisting businesses and organizations, referred to as “holders,” in understanding and becoming compliant with the state’s unclaimed property requirements. Most organizations have unclaimed property as a result of normal business operations.
The purpose of UPD’s presentation, “Compliance with Unclaimed Property Regulations,” is to provide holders with the information and tools needed to successfully report their unclaimed property. The presentation will show how to identify property, locate property owners, prepare and submit reports. In addition, it will provide a brief history of UPD, detail North Carolina’s four-step reporting process, and communicate helpful tips and resources.
The following topics will be covered:
- Definition of unclaimed property
- Types of unclaimed property
- Returning unclaimed property to the rightful owners
- Purpose of the Unclaimed Property Act
- Four-step process in reporting unclaimed property
- NC Bankers specific unclaimed property types and dormancies
- Voluntary Disclosure Program
- Record retention
- Suggestions to prevent unclaimed property
- Reporting resources
Natasha Bostick-Drake – Compliance Auditor, Unclaimed Property Division
Natasha Bostick-Drake is a Compliance Auditor for the Unclaimed Property Division. Natasha performs unclaimed property compliance reviews and desk audits of organizations/businesses to ensure compliance with NC Unclaimed Property laws. She joined the Unclaimed Property Division in 2019. Before joining the UPD, Natasha worked at New York Presbyterian Hospital, where she was responsible for revenue capture and auditing of clinical services and procedures.
Pacis Regina – Compliance Auditor, Unclaimed Property Division
Pacis Regina is a Compliance Auditor for the Unclaimed Property Division. Her role is to educate holders regarding NC Unclaimed Property laws and to assist them with identifying and reporting unclaimed property in order to return it to the rightful owners. Pacis joined the Unclaimed Property Division in 2014.