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ABA Is Your Bank Compliant with the New FACT Act Identity Theft Red Flags Rule? (November 1, 2008 is closer than you think!)
ABA Telephone Briefing/Webcast*
Your bank's Identity Theft Prevention Program must be in place by November 1, 2008. Is your institution ready? Have you completed your risk assessment? Are you prepared to report your findings and recommendations to the Board for approval? Will you meet your regulator's exam requirements?
During this recording of the live, two-hour telephone briefing held on September 8, a representative from the FDIC, a banker and a consultant provide you with practical advice on how to comply with the ID Theft Red Flags Rule. With the effective date fast approaching, not only is it important for your bank to comply with the requirements, but you must also demonstrate compliance to your regulator. You will take valuable insights back to your bank and ideas on how to implement these new requirements. Register today and get your questions answered by the experts!
| Program Date |
Audio CD Now Available |
| Per CD Fees** |
$255 ABA/Service Member • $385 Non-Member |
| Registration |
Not Applicable |
| Audio CD |
Order Online (PDF) |
| Credits |
2.0 CPE for CPAs; 2.5 CRCM, CFSSP |
Topics will include
- Compliance Effective Date: November 1, 2008 -- Is your bank's ID Theft Prevention Program ready for review? Does your plan meet all of the requirements? Are you confident you can effectively communicate with your examiner? Can you provide reasons why some accounts are covered and some are not? Can you explain your account risk assessment procedures? Are you prepared to discuss the red flags you use and why?
- Bank Case Study -- Learn how a consultant met this compliance challenge with a bank client. Benefit from their experiences to avoid unnecessary obstacles.
- Banker's Perspective -- Hear how a peer worked through the risk assessment process. A banker will share his bank's experiences conducting a Red Flag compliance review, obstacles the bank faced, and reasons why their bank did or did not take certain actions.
- Opportunities to Ask Questions -- You will have several chances to ask the speakers questions. Your program is complete, but not approved because the Board doesn't meet until December; what can you do? What happens if your bank will not be compliant until January? What are the penalties for non-compliance? How can your bank verify a change of address received from the USPS and not the customer?
Speakers
- Stephen Kenneally, Vice President, Center for Regulatory Compliance, American Bankers Association, Washington, DC (moderator)
- Debra Geister, Director, Fraud Prevention & Compliance Solutions, LexisNexis (c) Risk & Information Analytics Group, Seisint, Inc., Boca Raton, FL
- Jeffrey M. Kopchik, Senior Policy Analyst, Federal Deposit Insurance Corporation, Washington, DC
- Alina M. Grabala, Vice President and Compliance Manager, CRCM, Webster Bank, N.A., New Britian, CT
Who Should Attend
- Compliance Officers and Managers
- Chief Information Officers
- Security Officers
- Operations Managers
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- Risk Managers and Auditors
- Bank Counsel
- Senior Bank Management
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*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).
**Each site license (registration fee) entitles you to one phone connection and one Internet connection (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate.
Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.
Questions? Please contact Joe Mach / Linda Shepard / Cari Hearn for more information.
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