CARFAX Canada, a subsidiary of S&P Global Inc., has unveiled a new consumer tool called Vehicle Monitoring to enhance VIN fraud detection efforts. This tool builds on the company's recent introduction of the VIN Fraud Check for dealers and incorporates export data from the Canada Border Services Agency (CBSA). The collaboration with CBSA aims to strengthen efforts against VIN fraud and vehicle theft by providing comprehensive data that can detect fraudulent VINs, even those that have left North America. The initiative highlights the importance of early detection in preventing VIN fraud incidents and underscores CARFAX Canada's commitment to transparency and security in the vehicle marketplace.
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