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 product verifies whether an organization is on the OFAC watch list.
As part of your commercial customer or vendor approval process, our system can seamlessly integrate with your fraud prevention solution and notify your organization of businesses that appear on the OFAC watch list.
Screening the OFAC watch list for high-risk businesses can help you avoid working with an unsanctioned organization while protecting the integrity of your company's supply chain. You can use this product to assist with your company's risk management protocols and to comply with federal regulations.
- Originating and Modifying Accounts
- Managing Large-Ticket Transactions
- Screening Applications
- Avoiding High-Risk Transactions
- Processing Employee Information