The November 1st “Red Flags” deadline is only four months away, but one automated compliance product vendor says it’s found 11 new red flags that should be added to banks’ list, bringing Compliance Coach’s total number of red flags in its Web-based Red Flags tutorial software to 60. Federal regulators listed 26 in the FACT Act Identity Theft Red Flags guidance.

The new red flags added to the database are based on recent schemes and court cases, and are all related to business accounts, the company says. One reason to pay attention to what Compliance Coach says is the fact that it’s backed by Wells Fargo, Bank of America, Citigroup and Washington Mutual.

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