AML transaction monitoring: 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. When conducting due diligence on potential clients, a visa consultant who works with international clients may want to check for compliance with OFAC (Office of Foreign Assets Control). OFAC compliance screening can assist the consultant in screening out potential clients who may have ties to countries subject to US sanctions. Because the OFAC list is regularly updated, it is more difficult for visa consultant employees to determine whether or not a company or individual is OFAC-compliant. OFAC Checker identifies sanctioned individuals and entities in seconds. The app provides the most recent OFAC rules, regulations, and notices from all authorized agencies. As a result, visa consultancies can obtain an up-to-date list of OFAC sanctions. It is a powerful tool that automatically screens the profiles of current and potential employees to ensure workplace safety and compliance. Visa consultancies can use the OFAC Checker to ensure that no specific person or organization has been found guilty of financing terrorism, money laundering, drug trafficking, or dealing in weapons of mass destruction. It enables them to carry out comprehensive OFAC screening on people and entities. It supports batch processing, allowing you to screen hundreds of individuals and entities at once, and provides a fully customizable OFAC dashboard to comprehend and keep track of the reports. Its advanced reporting metrics provide insightful reports in the form of charts and graphs. It automates the business workflow, eliminating human intervention and saving both cost and time. The app can be found on the Salesforce AppExchange. Send an email to firstname.lastname@example.org to request a 30-day free trial.