Wolters Kluwer Financial Services has launched a new tool kit for financial institutions that help them comply with the Federal Reserve Board’s new regulation GG, which takes effect on December 1, 2009. The regulation requires institutions to implement policies and procedures designed to identify and block unlawful internet gambling transactions.
The tool kit was designed to help institutions to understand the requirements behind the new regulation, develop appropriate policies and procedures and implement them. It 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.
Lisa Fraga, vice president and general manager of banking content for Wolters Kluwer Financial Services, said: “The Regulation GG Tool Kit provides financial institutions with a simple, yet effective way to comply with the impending requirements.”
