It's your duty, and the law, to comply with OFAC regulations

Hudson Cook, LLP
Contact

HANOVER, Md. — After recent events in Kabul and the continued loss of life due to terrorism, many are left wondering what they can do and how they can help. Many have given money and other support to organizations helping the families of fallen servicemembers. Others support the refugees coming in by the thousands from Afghanistan.

But can we stop terrorism? Unfortunately, the answer is no. We can’t completely stop terrorism, but we can follow the law to ensure that we don’t do business with terrorists. Now seems like an appropriate time to remind dealers of their responsibilities to check the Specially Designated Nationals and Blocked Persons List before selling or leasing a car, hiring an employee, taking payments from customers, servicing vehicles, or otherwise doing business with suspected terrorists.

Originally published in SubPrime Auto Finance News October 2021.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Hudson Cook, LLP | Attorney Advertising

Written by:

Hudson Cook, LLP
Contact
more
less

Hudson Cook, LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.