Unclaimed Property: Key considerations for banks

As part of our In the Vault with KPMG banking podcast series, Liz L’Hommedieu, Principal in Washington National Tax and a leader for KPMG’s Banking and Capital Markets Tax practice, moderated a recent discussion with Will King and Marion Acord from KPMG’s State and Local Tax Unclaimed Property practice. In this podcast, they discussed legislative changes impacting compliance, how to mitigate audit risks with voluntary disclosures, and opportunities afford by asset recovery for banks. Will and Marion outlined best practices and key areas to focus as banks enter state compliance season related to Unclaimed Property.

Will is a Principal and Marion is a Managing Director in KPMG’s State and Local Tax Unclaimed Property practice.

We hope you find this informative and insightful.