Partner Ignacio Sandoval spoke to Compliance Week about a risk alert issued by the US Securities and Exchange Commission (SEC) highlighting instances of noncompliance with its Regulation S-ID: Identify Theft Red Flags Rule.
Ignacio noted that one of the things the risk alert shows is the disconnect that can happen when written policies and procedures do not keep up with changes in a firm’s business.
“When what’s happening on the ground changes, that has to be reflected in your written program,” he said.
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