Sec. 2-227. Detection of red flags.
This section is included in your selections.
This program addresses the detection of red flags in connection with the opening of covered accounts and existing covered accounts, such as by:
(1) Identifying information. Obtaining identifying information about, and verifying the identity of, a person opening a covered account; and
(2) Verification. Authenticating customers, monitoring transactions, and verifying the validity of change of address requests in the case of existing covered accounts.