Office of Foreign Assets Control (OFAC) rules prohibit businesses from doing transactions with anyone on the Specially Designated Nationals List.
Who can do this?
- Vera F&I Administrators with OFAC product
- Click on OFAC & Red Flags.
- OFAC Only will automatically be selected.
- Enter the applicant’s First Name and Last Name OR their Business Name.
- Search OFAC.
- A list of possible matches will come up. Select on the person’s name. Compare the OFAC report against other transaction information that you have collected.
- If there are striking similarities, contact the Office of Foreign Assets Control at 800-540-6322.