November 2025 | Advisely LLC – Unclaimed Property Update The California State Controller’s Office (SCO) has announced a new outreach effort aimed at increasing awareness of the state’s Voluntary Compliance Program (VCP) . Throughout November, the SCO will mail roughly 4,000 reminder notices  to large businesses as part of its initiative to encourage voluntary reporting and reduce noncompliance. This is a significant shift in California’s approach, and companies should expect

California just made unclaimed property history—and it could reshape how your business handles digital assets. With the signing of Senate Bill 822 , California became the first state in the U.S. to officially protect unclaimed cryptocurrency from forced liquidation  during the escheatment process. This is a game-changer for companies managing digital financial assets like Bitcoin  and Ethereum , and it raises important implications for all holders—especially those operating i

On August 15, 2025, the Delaware Secretary of State issued another wave of invitations to companies to join its Unclaimed Property Voluntary Disclosure Agreement (VDA) Program . These notices are part of Delaware’s continued push to increase compliance and revenue through proactive enforcement. The implications are serious. Failure to respond within 90 days results in an automatic audit referral to the Department of Finance, effectively closing the door on the more favorable

M&A & Unclaimed Property - How to mitigate risk.

Delaware VDA Invitations Are Out – Here’s What You Need to Know The unclaimed property compliance landscape is shifting—and fast. States are becoming more aggressive and sophisticated in their outreach to businesses, utilizing multiple channels such as audits, voluntary disclosure agreements (VDAs), verified reports, and compliance reviews to enforce compliance. For businesses of all sizes, the question is no longer if  a state will reach out—it's when  and how . And the sta

The Importance of Unclaimed Property Compliance Unclaimed property generally refers to financial assets that are presumed to be abandoned...

Advisely's latest post discusses the upcoming Delaware unclaimed property VDA invitations.

Delaware changed its custodian for the reporting of securities to Wells Fargo Advisors. Any holders reporting and remitting securities to...

Holders are required to respond to the notice within 30 days and provide the requested information within 180 days.

The time is now – identify aged property and work with your organization to rectify unaddressed accounts.

In Advisely’s March 7, 2024 blog post, we discussed the Delaware Voluntary Disclosure Agreement (“VDA”) program for unclaimed property....

Enforcement Among the multiple state-mandated responsibilities companies (“holders”) must adhere to, one category that is often overlooked is unclaimed property. All 50 states have unclaimed property laws and holders are required to submit unclaimed property reports to states annually. Reporting errors, gaps in reporting, and recent acquisitions/mergers may trigger states to pursue enforcement techniques. States deploy several methods to address compliance, including audits,

March 7, 2024: Hundreds of companies will be invited to participate in Delaware's unclaimed property Voluntary Disclosure Agreement...