Treasurer Diossa Launches STACS Program to Support Businesses with Unclaimed Property Compliance

Published on Monday, November 20, 2023

Providence, RI – Today, Rhode Island General Treasurer James A. Diossa launched the State Targeted Assisted Compliance System (STACS) Program to support businesses with Rhode Island unclaimed property law compliance—requiring business entities to review their records each year to determine whether they are in possession of any unclaimed funds, securities, or other reportable property, and to submit an annual report of their findings to the State. In 2023, the Treasurer’s Office has distributed over $16.6 million to Rhode Islanders through more than 17,000 claims.

“As General Treasurer, it is my duty to ensure that Rhode Island businesses have the necessary resources and knowledge to follow unclaimed property law in order for folks to receive money that is rightfully theirs,” said General Treasurer Diossa. “I am proud to announce the new STACS program, in which we will be proactively working with businesses to provide them with assistance for accurate reporting.”

Through an internal review of historic unclaimed property filings, the Division of Treasury identified and is reaching out to more than 100 Rhode Island businesses who may have obligations that have not been reported.

Unclaimed property consists of cash and assets that the Treasurer’s office recovers from businesses, banks, landlords, safe deposit boxes, and utility companies. The property is kept safe until it can be returned to its rightful owner. Find out if you have unclaimed property by visiting FindRIMoney.com or calling the RI Unclaimed Property Division at 401-462-7676.