02/09/2009
I was at a seminar presented by Jack Holzknecht regarding implementing the new Identity Theft Red Flag and Address Reconcilement Rules. Do we need to monitor each and every address change or be able to sample a number of them and monitor that way?
02/02/2009
What are the highest risk customers for money laundering and what are the specific red flags for unusual transactions within that customer group?
12/08/2008
Among credit risk, market risk and operational risk, developing a good operational risk management program seems to be the most challenging. Can't our existing compliance processes (e.g., AML, Red Flags, GLBA, etc.) contribute to operational risk management?
11/03/2008
What individual risk assessments is a bank expected to perform? How do the individual risk assessments fit together with an "enterprise risk assessment"?
10/27/2008
10/13/2008
10/10/2008
09/22/2008
I am working on my red flag program. One of the red flags is the Social Security numbers does not correspond with the date of birth. I have been on the Social Security and FTC websites looking for a list that we can use to verify that the number does correspond to the date of birth, but I cannot locate any chart to assist with this. Do you know where I can find this information?
09/01/2008
05/15/2006
Have the red flag guidelines under the FACT Act gone into effect yet, or is the law still a request? <table width=200 cellpadding=5 cellspacing=0 border=0 bordercolor=cc0000 bgcolor="#F7F7D2" align="right"><tr><td class="text"><a href="http://www.bollearningconnect.com/"><img src="http://www.bankersonline.com/images/lc_tiny_frontpage.gif" border="0" alt=""></a><a href="http://calendar.bollearningconnect.com/main.php?view=event&eventid=1147370597021">FACTA: Red Flag ID Theft Guidelines June 16 </a><em>Presented by Mary Beth Guard and Jack Holzknecht</em>At long last, the proposed rules on Identity Theft Red Flags and Address Discrepancies under the FACT Act have been released. These joint regulations will require each financial institution to establish reasonable policies and procedures for implementing the guidelines, plus credit and debit card issuers will need to have compliant procedures for assessing the validity of address changes, and those who use credit reports will need policies and procedures to use when they receive a notice of address discrepancy from a consumer reporting agency.</td></tr></table>