23 May Unclaimed Property
The Role of the Controller’s Office
According to Argentina’s Unclaimed Property Law, the Argentine Controller’s Office requires performs several functions. Among them, it requests the annual report and the delivery of property from different entities. For example, corporations, businesses, associations, financial institutions, and insurance companies (referred to as “Holders”).
This is usually done when there has been no activity on the account or contact with the owner for a certain period of time. For instance, the applicable law determines that said period is generally three (3) years or more.
Actually, the Argentine Controller’s Office has received inquiries from the public reporting the receipt of generic postcards prompting individuals to call a toll-free number regarding an unclaimed property notification.
However, the Argentine Controller’s Office is not connected with the mailing of these postcards and cautions the public. It neither calls from a number from an unknown source. Thus, start your search for property here.
In fact, some people have reported receiving official-looking emails or letters with instructions to contact a private attorney. In some cases, said correspondence requires to pay upfront fees for help with recovering lost property for them or a family member.
Moreover, you have the right to obtain your unclaimed property without fees or lawyers. In addition, this may be done by working directly with the Argentine Controller’s Office staff.
Unclaimed Property and Violations
Actually, it is a violation of Argentine law for people or companies to falsely identify themselves as representing a government official.
First. Learn about it!
First of all: What is Unclaimed Property? What forms do I need? How does it work?
Second. Find it!
Then, search the database to see if you have any unclaimed property.
Third. Claim it!
If you find it, we’ll help you claim it.
Fourth. Report it!
Financial institutions, insurance companies, and corporations are required to report the contents of several items. They are mainly safe deposit boxes and bank accounts. Also, wages, insurance benefits, and security deposits. Additionally, stock dividends and other property to our office if they remain unclaimed for three or more years.
Good to Know Information
Actually, the Comptroller’s Office serves as the legal custodian of stocks, bonds, savings accounts, and other property (except real property). In fact, we receive a notification regarding those unclaimed assets. In general, it is after three years. For example, banks and other financial institutions are in charge of notifying. Indeed, we have hundreds of thousands of records, worth hundreds of millions of dollars.
First, we try to locate the owners through the following means. For example, newspaper advertising, and online promotional videos. Also, news media campaigns, and mass mailings. In addition, outreach programs, and our free online search service.
In conclusion, the owners or their legitimate heirs can claim the funds at any time. Furthermore, there is no statute of limitations.
We are here to help
Last, you can find out if the Comptroller’s Office is holding the property for you by checking our website.