OFAC IQ is a Web-based solution designed specifically to meet the needs of the
automotive industry. This solution allows dealers to comply with the federally
regulated requirements under OFAC, and also archives results for future reference.
OFAC IQ is versatile and is utilized in numerous industries, including the banking
industry, the insurance industry and the chemical industry. OFAC IQ now offers
scanning services for large customer files and fraud prevention tools such as
driver's license, social security number, and cashier's check verification. "In
an age of tremendous regulation, OFAC IQ has allowed us to comply with OFAC regulations
while spending very little money," said William L. Schafer III, president
of Master Pontiac Buick GMC Inc.