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OFAC is Required, Not Recommended

Checking OFAC is not a recommendation – it is required by federal statute. Not taking it seriously could result in major consequences for the dealer.

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It’s the Process, Stupid

A dealership’s Red Flags process is a clear indicator of how its overall compliance quotient stacks up against stores that never let a notification go by.

Dealer Fines and How to Avoid Them

Compliance guru outlines the simple steps every dealer must take to avoid violations of federal OFAC, Used Car, Red Flags, and IRS standards — and the steep fines that accompany them.

5 Compliance Checkpoints

The magazine’s resident compliance auditor provides a checklist that will help your store steer clear of state and federal regulators in 2013.

To Catch a Thief

Standing on the front lines of the government’s campaigns against terrorist activity and identity theft has put dealers in a tough spot — especially when that fight steps foot inside the dealership.

MicroBilt Offers Compliance Solutions for Risk-Based Pricing, Red Flags Rules

MicroBilt Corporation, a provider of risk management services, introduced two solutions to help dealers comply with the Risk-Based Pricing (RBP) Rule and Red Flags Rule (RFR), which became effective Jan. 1, 2011.

First Advantage CREDCO Teams With Finance Express

First Advantage CREDCO LLC, a provider of specialty credit reports to the automotive industry, announced Monday the integration of its credit-based information solutions with Finance Express, a provider of Web-based financial services and technology for independent auto dealerships.

The Truth Behind OFAC

Compliance with the OFAC regulation takes minimal effort, and can save your dealership from hefty penalties.

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