Specific red flags are identified in order for a financial institution to develop and implement a program to detect, prevent, and mitigate identity theft. Every financial institution or creditor that offers or maintains one or more covered accounts must develop and implement a written Identity Theft Prevention Program.

Learning Objectives:

• Explain the necessary components of a Red Flags Identity Theft Prevention Program
• Understand how banks establish Red Flags Identity Theft Prevention Programs
• Understand the change of address policies your bank is required to have as a part of its Red Flags Identity Theft Prevention Program
• Ensure proper Red Flags Identity Theft Prevention Program training policies for staff at your bank