JVC to Release Red Flags Rule CD



The Jewelers Vigilance Committee will release a Red Flags Rule Compliance Kit on CD in October, sponsored by GE Money.

The compliance kit will include easy-to-use forms, templates and guidance for jewelers to develop their own Red Flags Rule Identity Theft Prevention Program. It will also include step-by-step templates covering a variety of topics, including:

  • who must establish a Red Flags program
  • what accounts are covered by the Red Flags program
  • how the Red Flags rule fit with other data security measures currently in place
  • administering the program and educating staff

 The Federal Trade Commission changed the Red Flags Rule enforcement date from Oct. 1 to Nov. 1 to give creditors and financial institutions more time to prepare.

For more information, visit www.jvclegal.org.