On May 1, 2009 millions of businesses and other organizations are required to be in compliance with the Red Flags Rule, a law meant to help curb identity theft. The Red Flags Rule is enforced by the Federal Trade Commission and several Federal banking and credit union regulators.Don't let name of the law, the regulators, or the terms "accounts," "financial insitituions," or "creditors" fool you—because it very likely that your organization is covered under the law whether it is a business, government, school or non-profit.

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