Are Your Customers on the Naughty List? Check With OFAC To Find Out (Infographic)

on June 11, 2019

Who:

The Office of Foreign Assets Control (OFAC) is an office of the United States Department of the Treasury.

What:

OFAC administers and enforces economic and trade sanction programs against targeted foreign countries, terrorists, and drug traffickers, and other threats to the United States’ foreign policy interests.

How:

OFAC keeps a list, the Specially Designated Nationals (SDN) List, of individuals and companies from targeted countries or that are involved with terrorism and narcotics trafficking. Before you make a sale at your dealership, OFAC requires you to check that your customer’s names are not on that list. Their assets are blocked and U.S. persons are generally prohibited from dealing with them. We’ve put together an OFAC Workflow so you know what to check and what happens if you find a match.

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What are the latest regs in your state? And, more importantly, what do you need to do to stay in compliance with them? Use this guide as your quick reference of the EHS, HR, and Sales/F&I laws that directly affect your state.

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Toby Graham

Toby manages the marketing communications team here at KPA. She's on a quest to help people tell clear, fun stories that their audience can relate to. She's a HUGE sugar junkie...and usually starts wandering the halls looking for cookies around 3pm daily.

Toby GrahamAre Your Customers on the Naughty List? Check With OFAC To Find Out (Infographic)