Utilities

The Red Flags Rule, passed in 2008 and enforced by the Federal Trade Commission, requires many businesses and credit–granting organizations (including utilities providers) to implement a written identity theft prevention program designed to detect the “red flags” of identity theft in their day-to-day operations.

LexisNexis can help you comply with the Red Flags Rule by revealing patterns, practices and suspicious activities that may indicate the possibility of identity theft. The report displays warning codes when red flags risk factors are present. Not only can you protect your business and your customers against the growing danger of identity theft and fraudulent activity, you can do so with a powerful solution that helps you address and automate important compliance obligations, both at account setup and throughout the account lifecycle.

In addition to Red Flags Rule, LexisNexis Risk Solutions can also help your organization comply with Office of Foreign Assets Control (OFAC) and AML regulations as well as the USA PATRIOT Act, mitigating risk exposure and enhancing due diligence efforts.