Tool Kit from Wolters Kluwer Financial Services Helps Financial Institutions Comply with Fed's New Regulation GG Changes

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(R) Mortgage Solutions, PCi, AppOne(R), GainsKeeper(R), Capital Changes, NILS, AuthenticWeb(TM) and Uniform Forms(TM). Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) EUR3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

SOURCE: Wolters Kluwer Financial Services

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

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