Implementing the Identity Theft Red Flag Guidelines

Final regulations implementing the Fair and Accurate Credit Transactions Act (FACT Act) identity theft prevention program provisions became effective on January 1, 2008. Known as the “Red Flags Rules,” this regulation requires financial institutions to develop and implement an identity theft prevention program to help protect account owners and your organization from the risk of identity theft. An ID theft program must be formally approved by the board and include policies for detecting and responding to red flags of ID theft. The mandatory compliance date is November 1, 2008.

Wolters Kluwer Financial Services has prepared an informative recorded, online training webinar to help you understand the new Red Flags Rules and what you need to do to implement the guidelines. The webinar covers the following topics:

• Red flag of identity theft—what is it
• Systems required to detect red flags of identity theft
• Required elements of an identity theft prevention program
• New requirements for resolving and correcting address discrepancies
• Impact to issuers of debit and credit cards
• Staff education and training

Register below for our 90-minute “Implementing the Identity Theft Red Flag Guidelines” webinar. Cost is $199. Test your system before purchase.

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