Take the ID Theft: Red Flags Rule Course for FREE and get a jump start on how these rules apply to your institution compliments of Compliance Coach. You Must Begin NOW!

Rule Effective Date:
January 1, 2008

Mandatory Compliance Deadline:
November 1, 2008

Once again, Compliance Coach is the first in the nation to develop training on new regulations that impact financial institutions.

Within just a few days of the Red Flags Rule being finalized by the regulators, the experts at Compliance Coach developed this course for its clients. Now we are making it available to you for FREE!

100+ Pages of the Final Rule... In just 34!

The sheer volume of work you must do over the next 12 months to comply with this new risk-based approach means that your team must begin NOW. Designed specially for your compliance committee members as well as compliance and audit professionals, this course provides a complete walk-through of all 100+ pages of the final rule…in just 34, plain language, easy-to-understand course pages, each with a clean, attractive design and robust interactivity.

Is your institution ready?

Institutions must:

1. Conduct a risk assessment to identify covered accounts.
2. Develop a written program and get initial board approval.
3. Ensure the program includes measures to identify, detect and respond to relevant Red Flags.
4. Mitigate and prevent identity theft.
5. Ensure proper program and vendor oversight.
6. Periodically update their programs.

About the Course

A detailed walk-through of the new rule covers all aspects of developing a sound identity theft prevention program: how to conduct an initial risk assessment to identify "covered accounts," how to develop a written program, the four elements that MUST be included in EVERY program, program oversight and much more. Open case files to review recent incidents that illustrate how identity theft can harm consumers, as well as the safety and soundness of the financial institution or creditor.

Key terms are displayed using colorful rollover techniques. There's no need to panic if you forget a definition, because a helpful glossary is easily accessed from every course page! Practice your skills by answering questions correctly to remove the disguise of a suspected identity thief!

Even though this course covers the elements included in the final rule, it's not "legalese" or organized in a confusing manner. It is written in plain and straightforward language, to allow your management team to quickly learn the WHO, WHAT, WHEN, WHY and HOW of developing a sound program.

After completing this course, you will be better prepared to:

1. Conduct an initial risk assessment.
2. Periodically identify "covered accounts."
3. Establish a sound identity theft prevention program.
4. Recognize the consequences of noncompliance.

This course is just one of over 175 different compliance training courses that we provide online. Each course includes an assessment to measure learning and is deployed via our powerful learning management system which tracks, analyzes and reports your results, enterprise-wide. Our best-in-class solution is used by 7 of the top 10 banks along with hundreds of financial institutions of all sizes. Also, regulators use our solution to train their examiners!

Also, our courses are AICC and SCORM compliant and can be deployed from any other LMS!

If you are interested in more information regarding our extensive online training or to view a live demonstration of our product, feel free to call us at 1.866.355.5150, email us at info@compliancecoach.com, or visit the demo request video page!