Gain the benefits of BANKDetect's experience and analysis of Red Flags requirements:

• Understand the core functions needed
• Clearly see the overlaps with BSA/AML
• Learn about implementation issues for each Red Flag
• Gain valuable insight into risk assessment requirements
• Already attended by hundreds of financial institutions
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Red Flags Policy Document Model

The Red Flags requirements cover a wide gamut of functions. Some of the requirements are new and many overlap with your BSA/AML program requirements. What you need to implement will depend upon two things: the extent to which you have already implemented fraud prevention measures; and, the completeness of your BSA/AML program.

The specific requirements call for you to have a process for responding to Credit Reporting Agency alerts, warnings and address discrepancies. You also need a formal process for managing address changes and subsequent requests for replacement cards. Finally, you need an overall program that provides for the detection, prevention and mitigation of Identity Theft/Fraud.

BANKDetect has developed a full suite of solutions that cover all Red Flags requirements, including: