Refer to Table 3.3 Privacy Policy Guidelines. Describe an example procedure that the Bank of America could perform to ensure compliance with applicable privacy laws related to the following issues:

(i) Data collection: Data should be adequate, relevant, and not excessive in relation to the business objective.

(ii) Data accuracy: Sensitive data gathered on individuals should be verified before they are entered into the database.

(iii) Data confidentiality: Disclosures of data, other than the most routine, should be noted and maintained for as long as the data are maintained.