Dealership Compliance
Training Course:
The United States Patriot Act:
Office Of Foreign Assets Control
Federal Required Staff Training
Overview:
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency
of the U.S. Treasury Department charged with planning and excution of trade
sanctions in support of US national security and foreign policy objectives. Under Presindential national emergency powers,
carries out its activities against foreign states as esll as a variety of problematic organizations and individuals, like
terrorist groups, deemed to be a threat of the US national security.
Length:
Who Should View:
- Entire sales department (At least annually)
- Any other relevant staff (At least annually)
- All newly-hired staff (Within 30 days of hiring)
Training Course Content:
- Required dealership compliance elements
- Definitions and terminology
- Background Information
- Federal Compliance procedures
- Reporting a name match to Homeland Security
- Summary
Knowledge Quiz:
- Yes - Follows immediately after viewing the training video
- Results immediately displayed and stored in Dealership Report Center
Required Dealership Policy
- Yes
- After viewing the Training Video and passing the Knowledge Quiz, staff member
should download, print and sign the Policy as their commitment to abide by the
regulation. Dealership should keep all signed Policies on file.
