Real-Time OFAC SANCTIONS LIST

Screen and Validate entities and individuals in real-time with Compliancely’s OFAC Check API.

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OFAC Sanctions List

How Does The Compliancely OFAC Check API Work?

Screening an entity or an individual before signing contracts is an essential part of business security and standardization. Validating an entity or an individual’s identity against the OFAC Watch List will help businesses search the Treasury Department’s Office of Foreign Assets Control (OFAC) database. This search helps businesses avoid engaging and associating with targeted individuals and entities listed in the database.

While conducting this check may seem complicated, Compliancely’s API infrastructure brings in a convenient protocol, which helps you search the authorized database to validate a large number of entities and individuals in a few seconds.

Essentially, Compliancely makes compliance easy.

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How Compliancely OFAC Sanctions List API

Benefits Your Business Compliance Needs

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Ensure AML Compliance

Complying with the AML protocol helps your business prevent heavy penalties (per violation) and loss of reputation.

Approve More Customers

A stricter screening procedure allows you to approve verified customer profiles, giving rise to overall validated approval rates.

Stop Fraud with Better Data

Access to authorized data means strengthening your anti-fraud barrier. Provide a fool-proof experience to customers and minimize risk.

Lower Organizational Resistance

Your organizational operations render zero interruptions for mandatory compliance reviews. This helps you pay attention to the business aspects.

Why Choose Compliancely OFAC Sanctions Search API?

Amp up your systemic regulatory compliance operations with a unified compliance infrastructure that enables comprehensive identity checks. OFAC screening, match vetting, and other OFAC compliance constituents can be easily addressed with Compliancely.

Save time, effort, and money spent on individualized solutions by choosing our consolidated checks customized to meet your compliance requirements.

  • Screen entities against multiple data lists at once
  • Leverage automated compliance screening and re-screening in real-time
  • Manage organizational compliance workflow
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OFAC Sanctions Search API

Use Compliancely For All Your Business
Compliance Requirements

Compliancely Real-Time Identity API Infrastructure is flexible. It’s designed to suit the customized compliance requirements of businesses in a wide range of industries.

AML Financial Services

Anti Money Laundering (AML) Compliance For Financial Services

Financial institutions are always at the risk of associating and providing versatile financial services to individuals and “reputed” businessmen who may be masking their true identity. 

  • Validate customers against the Politically Controversial Person list
  • Identify customers against global security watch lists
  • Access global financial profiles of individuals or entities
  • Figure asset and liability ratio

AML Compliance For Payment Services

The global finance industry’s total value is $ 26.5 Trillion in 2020. Only a small part of this gigantic number is flowing through the payment processing funnels (which still constitute billions of dollars). Money laundering risks are at an all-time high with payment service providers and payment processing and settlement entities. Protect your business against money laundering risks with Compliancely.

  • Vet entities against FATCA & OFAC Watch lists
  • Run AML Compliance checks on alliances, incoming customers, and vendors
  • Validate tax compliance with IRS databases and lists
  • Verify vendor lists against consolidated sanctions lists
AML Financial Services
AML Compliance

AML Compliance For FinTech Services

According to the UNODC, the total amount of money laundered around the world each year is 2-5% of the global GDP, which is about $800 billion to $2 trillion. FinTech service-enabling entities constitute a small ratio of this. Further, FinTech companies are subject to a variety of AML regulations according to their geographical operations. How are you sure that your future business alliance is AML Compliant in the US?

Here’s what Compliancely can do for you.

  • Reduces risk with multiple compliance screenings
  • Accelerates AML compliance with automated processes
  • Strengthens customer approval rates with easy & accurate identity checks
  • Validates bulk entries against authorized global databases and watch lists

How Does Compliancely Real-Time

OFAC Sanctions List Search Work?

Real-Time Search

The best way to ensure compliance for your business is to validate your data against real-time databases and lists to get the most accurate results.

Bulk Screening

Screen a large number of entities and individuals on multiple lists simultaneously to save time. A consolidated infrastructure to track all checks in one place.

Integrated Screening

Integrates with a versatile range of tools and applications to remove barriers to seamless compliance, bringing convenience and ease.

Dynamic Rescreening

Our compliance infrastructure is designed to automatically re-screen your entries as and when the OFAC lists are updated. This helps you stay compliant throughout.

Industries

They Can Rely On Us

Compliancely real-time API infrastructure helps following industries.

Compliancely Seamlessly Integrates
With Your Business Ecosystem

Cloud-Powered Verification

Eliminate the hassle of paper verification and manage multiple customer lists and vendor files with cloud-powered verification.

API Integrations

Get more done quickly with a digital infrastructure that works to make your job easy. Integrate tools and applications to simplify data management.

Secure Accessibility & Compatibility

Diverse experiences meet dynamism with Compliancely. Identify and manage profiles across all smart devices easily.

Workflow Management

Accelerate entity identification by decentralizing your workflow. Assign independent checkpoints for comprehensive data review and analysis.

Secure Identity Check Infrastructure Designed

For Your Business Compliance Needs

Security is not a feature or an added advantage; it is your right. We intend to protect your data and related information because your data is yours. And we want to keep it that way. While our job is to ensure compliance for businesses, we put forward our best digital infrastructure and efforts to safeguard your data within systemic regulations.

Encryption

Compliancely and all its associated tools and digital platforms are encrypted with bank-grade encryption standards. This security measure encrypts your data and makes it impossible for data interceptors to read or view your data.

Storage

Your data is stored on our secure, encrypted servers. We encourage all our users to authenticate every single session. This way only you and persons authorized by you can view, read, and edit the data.

Privacy

Compliancely provides a very private and confidential experience to its users, wherein your data, sessions, files, information, and all activities are completely private. We do not sell or share your data or information with third parties.

FAQ's

Most frequent questions and answers related to OFAC check.

OFAC watch list is a federal data list maintained by the Office of Foreign Account Control. The watch list is a published list of persons and companies who are owned or controlled by sanctioned and targeting countries. Validating the identities against the OFAC watch list will allow you to check if the person or entity is sanctioned.

Yes. Assessing the risk of a profile is a critical part of the customer identification process. KYC and KYB checks, such as the OFAC check, are in place to help you validate the real identities of individuals and companies that you want to associate with. Hence, screening your incoming profiles (customers, vendors, employees, and associates) against the OFAC watch list is a necessity.

The OFAC is a part of the U.S. Department of Treasury, which overlooks the economic and trade sanctions based on the U.S. foreign policy and national security goals. Interacting and engaging with persons, groups, or institutions that are associated with the sanctioned and targeted countries will result in civil liabilities and prosecutions. To prevent such hefty penalties, we recommend running your profiles by the OFAC watch list just to be sure.

Financial institutions can locate profiles listed in the OFAC Sanctions List by validating the identities of the individuals and entities against the OFAC watch list. While the traditional process may be complex, Compliancely has made it easy for you.

 Registered users can go to their Compliancely dashboard and access the OFAC Watch List search tool. Simply enter the identities of the profile in the OFAC search tool and Compliancely will take care of the rest.

OFAC sanctions are a part of the sanctions program exercised by the OFAC. When an individual or an entity has been sanctioned, they’ve been designated as “off-limits” to associate or engage with for regular, commercial trade and business activity. Any engagement with sanctioned individuals and entities will lead to severe civil penalties for violating and compromising U.S. national security.

OFAC sanctions apply to individuals and companies that work on behalf of or in favor of or in control of targeted foreign countries, regimes, and terrorist groups that engage in procuring weapons and material for mass destruction, terrorism, international narcotics trafficking, and other threats to the national security of the U.S.

Compliancely is authorized by federal agencies, enabling you to find the real-time status of a profile right from the source. There are no intermediaries involved and you get accurate results for your identity queries.

Step 1: You must create an account with Compliancely to get started.

Step 2: After verifying your details, the Compliancely dashboard will be activated, enabling you to check the identities of profiles against a variety of data lists.

Step 3: To access the OFAC watch list search, you must select the ‘OFAC watch list’ check from the list of available checks.

Step 4:  Enter the identities of the profile you want to check and hit the search button. And that’s it.

Compliancely will return your search queries with real-time, accurate results. 

The pricing for OFAC sanctions list search/OFAC watch list search will vary in accordance with the volume of your search. 

For customized pricing and demo, get in touch with our sales team here.

If your investigations so far have led you to believe that a profile is, indeed, high-risk, it is worthy to further enhance your due diligence ops with other identity validation checks listed in our national security compliance checks list. The additional searches will help you draw more insights.

Users are advised to not solely depend on the checks and use their investigations, judgment, and discretion to power their decisions.

If you believe that your profile has been listed here by mistake, you can have it removed as a part of the Fair Credit Reporting Act (FCRA). Learn more

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Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely