The U.S. Patriot Act (Form 8300) changed the rules as to how a dealership must file their financial activities with the government. Penalties for failing to file correctly are substantial and include fines seizure of assets and, in some cases, imprisonment.
Complying with these laws is not easy. It can be virtually impossible to follow these confusing and ever-changing laws without help. The solution to this law, as well as the others listed, are available through Wise Compliance. Our system will empower any dealership to conform with these laws on their own.