Unclaimed Property in the Eastern Carribean (No, Not Pirate Treasure)
Though we spend most of our time here discussing unclaimed property laws and procedures at it involves the United States, it should be noted that escheat agencies and procedures exist – or are being established – all over the world. Recently, we spent some time discussing the new Cayman Islands’ Dormant Accounts Law, but other Caribbean institutions have similar rules.
For example, the ,Eastern Caribbean Central Bank the monetary authority for Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia, and St Vincent and the Grenadines, maintains a list of Abandoned Property Holders listing dormant accounts being held by those islands’ regulated financial institutions. We here at Escheatable are looking forward to going down to the ECCB to personally inspect the process.