Best OFAC checking tool
OFAC Checker is an application that automates business workflow by screening individuals and entities against the most recent OFAC sanctions list. This solution is developed by Cloud Maven, Inc., a certified Salesforce ISV Partner and winner of the 2021 Salesforce Partner Innovation Award. OFAC screening is an important part of a business advisor’s due diligence when onboarding new clients. Checking for sanctions is important to avoid working with individuals or entities on the U.S. Treasury Department’s Specially Designated Nationals List. Advisors who fail to check for sanctions may face civil and criminal penalties. OFAC Checker assists business advisors in determining whether their clients have ties to terrorism, money laundering, or drug trafficking. They use this database to identify potential risks and assist businesses in deciding whether or not to make a deal. OFAC Checker is used to determine a client’s involvement in anti-OFAC activities. It includes the most recent OFAC rules, regulations, and notices from all authorized agencies. It aids in determining whether or not the client complies with OFAC regulations. The business advisor can conduct unlimited OFAC checks on individuals and entities using any Salesforce standard or custom object. Using its batch processing feature, agencies can easily screen all profiles and contacts simultaneously and view the reports on a fully customizable dashboard.
Furthermore, the app supports continuous profile monitoring and an automated audit trail, which notifies users when the status of their profile changes. It protects your property by ensuring that all laws are followed. This OFAC compliance checking tool is available for a free 30-day trial on the Salesforce AppExchange. Contact info@cloudmaveninc.com or follow us on LinkedIn and Twitter to get more info.
