November 1 Deadline - FTC's Red Flag Program

   Now You Have to Check for Terrorists, Identity Thieves & Criminals

The GRC (governance, regulation and compliance) sector has another set of requirements to propagate to businesses small and large. On November 1, 2008, businesses must comply with a new Federal Trade Commission regulation to check customers and suppliers against databases of known Internet criminals.

This comes on top of US Treasury requirements to compare customer lists against those of known terrorists. Failing to comply with these screening activities could result in jail time and penalties.