What Is Compliance Management Software? For me to properly answer this question, I need to provide a little background first.
About 8
years ago, the FTC
developed
"Cross-Border Fraud
Guidelines" which proclaimed that the FTC has
joined with Hundreds of International Law Enforcement Agencies
around the world to form a combined force and aggressively
combat what they see as the growing problem of 'Cross-Border
Fraud'. This combined force has vowed to
unilaterally enforce the FTC's Rules
and Regulations on a Worldwide Basis. On December 1st, 2009, the FTC strengthened their enforcement to regulate all websites. There are brand new website requirements that if you do not have in place on your website(s), you are automatically considered an illegal operation.
The penalties for not meeting these guidelines can be disasterous to your business, personal life and future. It can be that bad! I have heard of fines for even small mom and pop operations starting at $25,000 if the lawyer is able to work with them. There is much more on this later.
The FTC does not listen to excuses, like we didn't know, or we thought we were in compliance. They will tell you that as a business person, it is your responsibility to know these things and act upon them before opening business. [end of conversation]
To prevent this from happening and for the protection of the many business interests, an internet lawyer designed an automatic software package. All that one has to do is to simply use this to update your website. And it will update all of your websites. This software saves you the cost for the personal time of an attorney.
By the way, no longer can you use generic pages for your websites with different products and services. They now require their own special documents and information
So, are you in compliance with the FTC? Probably NOT! Most online business owners aren't & don't even know it. Better check it out now. I did!
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