Published: November 19, 2009
Tool Kit from Wolters Kluwer Financial Services Helps Financial Institutions Comply with Fed's New Regulation GG Changes
MINNEAPOLIS - (BUSINESS WIRE) - Wolters
Kluwer Financial Services is offering financial institutions one
convenient tool kit that can help them comply with the Federal Reserve
Board's new Regulation GG, which takes effect on Dec. 1, 2009. The
regulation requires institutions to implement policies and procedures
designed to identify and block unlawful Internet gambling transactions.
Wolters Kluwer Financial Services' Regulation
GG Tool Kit was designed to help institutions rapidly understand the
requirements behind the new regulation, develop the appropriate policies
and procedures, and implement them. The tool kit includes a sample
Regulation GG policy institutions can use as a starting point in
creating their own. It also offers them an implementation guide and
audit procedure checklist to help ensure they meet all of the new
regulation's requirements.
In addition, institutions can take advantage of the tool kit's training
materials to help educate staff, and its Unlawful Internet Gambling
Notice to help inform customers of the new regulation.
"The Regulation GG Tool Kit provides financial institutions with a
simple, yet effective way to comply with the impending requirements,"
said Lisa Fraga, vice president and general manager of Banking Content
for Wolters Kluwer Financial Services. "This is just the latest example
of Wolters Kluwer Financial Services' commitment to helping institutions
quickly respond to regulatory changes as they occur."
For more information on Wolters Kluwer Financial Services' Regulation GG
Tool Kit, please visit the company's Regulation
GG Resource Center.
About Wolters Kluwer Financial Services
Wolters
Kluwer Financial Services provides best-in-class compliance,
content, and technology solutions and services that help financial
organizations manage risk and improve efficiency and effectiveness
across their enterprise. The organization's prominent brands include
Bankers Systems, VMP Mortgage Solutions, PCi, AppOne, GainsKeeper®,
Capital Changes, NILS, AuthenticWeb and Uniform Forms . Wolters Kluwer
Financial Services is part of Wolters
Kluwer, a leading global information services and publishing company
with annual revenues of (2008) €3.4 billion ($4.9 billion) and
approximately 20,000 employees worldwide. Please visit our Web
site for more information.
Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director
of Corporate Communications
Jennifer.marso@wolterskluwer.com
On
Twitter: @JenniferMarso
or
Charles
Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com
On
Twitter: @CharlesWMiller
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News
Search News
Daily News
