Red Flags Resource Center Helps Financial Institutions Comply with New FACT Act

Wolters Kluwer Financial Services Launches Red Flags Resource Center to Help Financial Institutions Comply with New FACT Act Requirements

Web Site Helps Institutions Learn How to Build Comprehensive Identity Theft Prevention Program to Meet the Red Flag Rules

MINNEAPOLIS-- May 07, 2008 --Less than six months from now, U.S. financial institutions will be required by federal regulators to have implemented a comprehensive identity theft prevention program under the requirements of the Fair and Accurate Credit Transaction (FACT) Act's new Red Flag Rules. To help institutions ensure they meet the regulators' mandatory Nov. 1 compliance date, Wolters Kluwer Financial Services today announced the launch of the company's new Red Flags Resource Center.

The Red Flags Resource Center is a Web site devoted to providing financial institutions with practical information that will help them address the requirements of the new Red Flag Rules. By visiting www.WoltersKluwerFS.com/RedFlagInfo, institutions can learn how to build or update their identity theft prevention program to ensure compliance with the new requirements.

The site's content includes free access to articles, a blog and other information as well as additional tools available separately that can help financial institutions develop policies, create programs, train employees and implement a compliance solution.

"Wolters Kluwer Financial Services has a reputation for helping financial institutions swiftly and efficiently comply with regulatory changes," said Todd Cooper, vice president and general manager of the company's Financial Intelligence Unit. "The new Red Flags Resource Center builds upon that reputation by helping institutions solidify compliance with the new requirements so they are prepared for regulator review come Nov. 1."

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, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWebT and CCH® Wall Street.

Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of ?3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.

Contacts

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
or
Charles Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com