PODCAST

Unclaimed Property: What is it and how does it apply to banks?

KPMG tax leaders Liz L’Hommedieu, Will King and Marion Acord discuss unclaimed property and the challenges banks face when complying with state requirements.

Elizabeth B. L'Hommedieu

Elizabeth B. L'Hommedieu

Principal, Financial Institutions & Products, KPMG US

+1 614-249-1849

Podcast overview

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 provided a brief overview of Unclaimed property and explained the challenges banks face when complying with state Unclaimed Property requirements. Will and Marion discussed the audit risks for non-compliance and outlined the impacts of the ever-changing compliance landscape with an eye towards customer impacts and considerations.

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.