Compliance with the Safe Guarding Provisions of GLB is simple, as is the disposal by shredding of files and records that contain Non-Public Information (NPI) of the financial nature of your clients’.
There is no additional cost to you in order to comply with the provision of GLB. The two issues of compliance that you must deal with are to do due diligence in choosing a reliable vendor for the disposal of NPI by shredding and to give written permission to the vendor to remove NPI for the sole purpose of disposal by shredding. A-1 would be in violation of certain provisions of GLB if we did not receive written permission from the generator of NPI to posses such information for the sole purpose of disposal by shredding.
