How Examiners Review Red Flags
Answered by BOL Gurus Mary Beth Guard and Jack Holzknecht Bios
Question: How will the examiners review Red Flags?
Answer: They will look at each of the requirements (risk assessment,
identification of covered accounts, delineation of red flags, taking into
consideration your institution's experience with identity theft, development,
adoption and implementation of a written identity theft prevention program,
appropriate board/senior management level involvement, training, oversight
of service provider arrangements, etc.) and will look to see that you have
taken the required action on each.
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