AML transaction monitoring app: OFAC Checker
OFAC Checker is a user-friendly application that automates the business workflow by instantly providing accurate OFAC screening reports inside Salesforce. Cloud Maven, Inc., a certified Salesforce ISV Partner and the 2021 Salesforce Partner Innovation Award winner, has developed this solution. Refinery industries must always be aware of their surroundings to ensure compliance with United States sanctions. These sanctions can come from trade restrictions, import bans, and financial penalties. Refinery industries must conduct OFAC checks regularly to ensure that they are not engaging in any activities that would violate these regulations. Most OFAC screening apps are difficult to use and only support manual OFAC screening. This increases efforts, costs, and errors. However, by screening your entire contact lists, OFAC Checker automatically identifies sanctioned individuals and organizations, removing the need for human intervention and saving cost and time. The app keeps businesses updated on recent changes to the sanctions list by providing the most recent OFAC guidelines, regulations, and notices from all recognized agencies. The industry can ensure workplace safety and compliance by automatically screening the profiles of current and potential employees, customers, and other stakeholders. It is capable of carrying out extensive OFAC screening on individuals and organizations. Employees can track and understand the reports using the OFAC dashboard, which is completely customizable. The app also allows batch processing to screen multiple individuals and entities simultaneously. The application’s advanced reporting metrics assist these industries in obtaining insightful details in the form of charts and graphs. The app can be found on the Salesforce AppExchange. Send an email to info@cloudmaveninc.com to request a 30-day free trial. To stay up to date, follow LinkedIn, Twitter, and YouTube.
