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Identifying suspicious transactions for Car Dealerships:
- Customer arrives at a business with a significant amount of cash to purchase a vehicle.
- Customer refuses to produce personal identification documents for the transaction to be completed.
- Last minute cancellation of order, which means that funds would have to be reimbursed to the customer via business cheque.
- Customer purchases vehicle without inspecting it.
- Customer purchases multiple vehicles in a short time period, and seems to have few concerns about the type, cost, etc.
- Customer purchases vehicles and registers them in “Rental”.
- Customer is known to have a criminal background.
- Customer uses multiple names on required documents.
- Customer does not want to put his/her name on any documents that would connect him/her with the purchase of the said vehicle (s).