Stopping Fraud Before It Starts

A couple of weeks ago, we mentioned a fraud case RISC uncovered that had gone undetected for years — the kind of thing that slips through when “vetting” means collecting paperwork instead of verifying it. Here’s what verification actually looks like when it’s done right.

Every vendor relationship starts with a decision, and that decision is only as good as the vetting behind it. Too many programs treat vendor vetting as a one-time exercise: collect a license, insurance certificate, and self-inspection — done.

RISC’s vendor vetting process goes further. Our team independently verifies credentials, including licensing and insurance, and manages independent lot inspections. We then re-verify ongoing to ensure you are protected.

Anyone can collect a certificate. RISC determines whether the certificate, license and underlying coverage are actually valid.

• Independent verification of licensing, insurance and required credentials
• Direct-source verification rather than vendor self-attestation
• Continuous monitoring rather than one-time onboarding
• Deficiency tracking and remediation 
• Independent lot inspection management
• Documented audit trail available to clients

Because effective vendor vetting isn’t about collecting documents. It’s about verifying the facts behind them. See How Our Vendor Vetting Process Works → Request an Overview

RISC has been the industry standard for independent third-party compliance oversight since 2009.

The Compliance Gap That Was Missed – Until RISC Was Hired

A fraudulent policy passed every review but ours.

Earlier this year, one of RISC’s due diligence reviews caught something that had gone unnoticed for years: a vendor operating under a fraudulent insurance policy that had cleared every prior review—just not RISC’s. In a few weeks, we’ll walk through what we found and how. For now, it’s the clearest example we have of what “independent” third-party oversight means. Trust us, it’s more than just a word on a website.

Since 2009, RISC has set the standard for independent third-party compliance oversight in the repossession industry. We don’t represent a lender, forwarder or recovery agency. Our job is simple: independently determine whether the vendors in your network are actually meeting your requirements.

That distinction matters. In 2026, RISC uncovered fraudulent insurance documentation that had passed previous reviews.

It wasn’t uncovered because we collected another certificate. It was uncovered because we verified it.
 
For several clients and forwarders, this year compliance stopped being a box to check. Vetting vendors properly, verifying what’s actually happening on the lot, and keeping pace with licensing requirements and insurance challenges requires a partner who can independently confirm what’s real, not just accept what’s on paper.

RISC has been the industry standard for independent third-party compliance oversight since 2009.
See what independent oversight looks like. Contact RISC for more: [email protected]

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