July 28, 2022

Which Countries are on Sanctioned List by the OFAC

There are two things that every business needs to avoid: bankruptcy and risk. Interestingly, when a business is not fully focused on its due diligence

March 11, 2022

What Is An OFAC Check?

The Office of Foreign Assets Control or OFAC is a federal agency administered by the U.S. Treasury Department. It’s a regulatory body that maintains a

March 04, 2022

OFAC Sanctions Search-Which Businesses Need The OFAC Watch List?

Businesses heavily rely on identity verification solutions. This is due to the rampant increase in identity crime, increased risk factors, and the overall increase in

March 02, 2022

Do You Need OFAC Consolidated Sanctions Screening and When To Use These Security Compliance Checks

Sanction screening is one of the most important elements of due diligence, enabling businesses to validate the real identities of businesses against the authorized global

February 25, 2022

Which Firms Should Search The OFAC Data Lists Regularly?

AML directives recommend businesses screen the incoming profiles against the global sanction lists within reason and feasibility. This means that in addition to verifying the

November 12, 2021

What Are the Penalties For OFAC Violations?

OFAC, prominently known as the Office of Foreign Assets Control, is a federal agency of the U.S. government which monitors, administers, and issues imperative guidelines

August 30, 2021

Red Flags For Potential OFAC Violations

The Office of Foreign Asset Control, commonly known as OFAC is a financial intelligence and enforcement agency of the U.S Treasury Department. The regulatory body