PORTLAND, Ore. — Compliance software provider Compli has announced the details of its Red Flags Program and Toolkit, which is available as of this week. The new software works with the Compli Dealership Compliance Management System (DCMS) and is free of charge for existing clients and new clients who purchase the DCMS before Nov. 1.
Developed in consultation with Michael Benoit, author of A Dealer's Guide to the Red Flags Rule and a partner at Hanover, Md.-based Hudson Cook LLP, Compli's toolkit includes the following components:
· Red Flags program implementation
· Risk-assessment form
· Sample Red Flags policies and procedures
· Identity theft incident report form
· Annual Red Flags audit form
· Identity theft policy for employees
· Customer identification checklist
· Red Flags detection checklist
“The Red Flags Rule is just one of many compliance obligations imposed on dealers,” said Benoit. "In assisting Compli in developing the Red Flags Toolkit, we focused on building a resource that would walk dealers through the steps. Dealers will still need to be thoughtful in their compliance efforts, but the toolkit should take much of the stress out of designing and documenting an identity theft prevention program."
"We released our initial ‘Red Flags’ Program in February 2008 to introduce the topic to our clients and raise awareness of the extensive requirements”, said Lon Leneve, president of Compli. “Now we are releasing a fully updated version, which includes a robust Toolkit that provides our clients with all the tools they need to fully comply with the law by Nov. 1."