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. Because defence and aerospace companies engage in sensitive activities and may be more likely to run afoul of US government sanctions, they must conduct routine OFAC checks. These businesses are also subject to stringent regulations, and breaking an OFAC regulation can cost them dearly in fines, penalties, and reputational harm.
OFAC Checker is a Salesforce-native OFAC compliance checking tool that assists defence and aerospace companies in complying with OFAC regulations by performing regular OFAC checks. It supports unlimited OFAC checks on individuals and entities manually/automatically using any Salesforce object. The tool automates the process of cross-referencing customer, supplier, and vendor information against OFAC’s sanctions lists, which include individuals and entities that are not permitted to do business with US companies.
Defence and aerospace companies can use OFAC Checker to reduce the risk of doing business with sanctioned individuals or entities, which could result in severe fines and penalties. The software quickly and accurately identifies potential matches against the sanctions lists quickly and accurately and flags them for further review. This simplifies the compliance process and ensures that the company complies fully with OFAC regulations.
Moreover, the app supports continuous profile monitoring and an automated audit trail, which notifies users when their client’s profile status changes. OFAC screenings can be scheduled daily, weekly, or monthly based on the needs of the business. It saves time and money while effectively eliminating human error. Defense and aerospace companies can obtain real-time statistics reports using OFAC Checker’s advanced reporting metrics in graph and chart form. False positives profiles are visible for all future searches. OFAC Checker assists defense and aerospace companies in safeguarding their business environment and remain compliant. This tool is available for a free 30-day trial on the Salesforce AppExchange. Contact firstname.lastname@example.org or follow Cloud Maven, Inc. on LinkedIn and Twitter for more information.