OFAC Watch List Screening and Auditing

What

The Office of Foreign Assets Control (OFAC) is an agency of the U.S. Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. Based on U.S. foreign policy and national security goals, OFAC administers economic trade sanctions against targeted foreign states, organizations, and individuals. Our Corporate OFAC Watch List Screening and Auditing product verifies whether a person or business is on the OFAC watch list through a user-friendly web interface. The product also has the flexibility to stand-alone or be integrated as part of your company's website. It is a great resource for organizations that need to generate an audit trail to prove their due diligence in verifying their identification efforts.

How

Our system screens the OFAC watch list and alerts you if an individual or business appears on it. The product also generates an audit report to help you manage and track your company's watch list monitoring procedures.

Why

The OFAC Watch List Screening and Auditing product can help your organization track your watch list efforts in order to ensure that you comply with federal regulations. This product can protect your business by assisting with its risk management protocols while also helping to avoid unsanctioned partnerships.

Typical Applications

• Originating and Modifying Accounts
• Managing Large-Ticket Transactions
• Screening Applications
• Avoiding High-Risk Transactions
• Processing Employee Information