KeepUP™ Blog

7/2/15 10:30 AM

Unclaimed Property Best Practices: Types of Fraudulent Claims

Every industry sustains a potential for fraud. Wherever money changes hands, criminals look for opportunities to hijack funds. It's no different in unclaimed property. Fraud is a very real concern for unclaimed property holders who are looking to reunite property with rightful owners. Unclaimed property fraud can result in damage to a company's finances, reputation, and audit outcomes, in addition to creating a feeling of distrust among employees and customers.

Fraudulent owner claims can be difficult to identify and resolve, but a conscious assessment of the potential for fraud in your organization can help you beat this frustrating challenge. We recommend beginning your fight against unclaimed property fraud with an understanding of where it originates.


Topics: Risk, Best Practices

11/21/14 3:05 PM

Communicating Unclaimed Property Risks to the C-Suite

Many tax, treasury, accounting and compliance functions within a company are carried out behind the scenes. C-suite leaders might be unaware of them as long as those activities perk along without causing major problems. In many companies, unclaimed property is one of those kinds of functions. However, with enforcement increasing and the number of audits rising, it might be time to think about getting your organization’s C-suite involved. Doing so can be easier said than done. This blog includes tips for approaching leaders, explaining the importance of unclaimed property and garnering their support.


Topics: Risk