To comply with the Red Flags Rule, financial institutions and creditors must do which of the following?

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To comply with the Red Flags Rule, financial institutions and creditors must do which of the following?

A. Identify red flags for covered accounts.

B. Detect red flags.

C. Respond to detected red flags.

D. Update the program periodically.

E. All of the above 

F. Answers B and C only

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Auditing IT Infrastructures For Compliance

ISBN: 9781284090703

2nd Edition

Authors: Martin Weiss, Michael G. Solomon

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