Best OFAC Sanction screening tool: 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. Many arms dealers and private security companies do business with countries subject to U.S. sanctions, so they need to check the Treasury Department’s Office of Foreign Assets Control (OFAC)’s sanctions list to ensure they are not doing business with sanctioned individuals or entities. The sanctions prohibit U.S. citizens and permanent residents from doing business with them, and violators can face civil and criminal penalties. The OFAC list is updated regularly as the OFAC imposes sanctions on new individuals and entities. The OFAC Sanctions Lists are constantly changing and expanding, making it difficult for arms dealers to stay current.
Furthermore, the lists are in various formats, making it difficult to search and compare data. OFAC Checker alleviates these concerns by generating accurate OFAC screening results within Salesforce. The app contains the most recent OFAC rules, regulations, and notices from all approved agencies. As a result, arms dealers can quickly and efficiently screen for compliance with all applicable regulations, avoid potential fines, and keep their watchlists up to date. . OFAC checkers can assist arms dealers in ensuring that none of the individuals or entities they are dealing with have been convicted of terrorism financing, money laundering, drug trafficking, or other anti-OFAC activity. It enables them to do comprehensive OFAC screening on individuals and enterprises. Batch processing allows them to screen multiple individuals and businesses simultaneously. It also includes a customizable OFAC dashboard to assist employees in understanding and tracking reports. They gain valuable insights from its advanced reporting metrics, which are presented in charts and graphs. The OFAC sanction screening tool can completely automate the entire process, eliminating the need for human intervention and saving both money and time. The app can be found on the Salesforce AppExchange. Send an email to info@cloudmaveninc.com to request a 30-day free trial. To learn more, go to https://cloudmaveninc.com. Follow LinkedIn, Twitter, and YouTube to stay up to date
