OFAC Checker: Keep your watchlist updated with the latest sanction changes
One of the goals of OFAC is to stop money flow to those involved in terrorism, narcotics, human trafficking, and other anti-national activities. The U.S. treasury department imposes sanctions and restrictions on trading with certain nations, individuals, and companies. Because this is a sensitive issue with direct implications for national security, violating OFAC rules could result in prison time or fines of millions of dollars. As a result, complying with OFAC rules is not only a requirement but also a duty of being a US citizen or entity.
Most businesses invest heavily in screening their existing and prospective clients to avoid the risk of doing business with a sanctioned individual or entity. To ensure compliance with OFAC, businesses hire compliance checking agencies or use OFAC screening applications. However, agencies take several days to provide the report, and it lacks information about the individual or entity involved in any anti-OFAC activity during the screening process. OFAC checking software typically requires prior coding knowledge and does not provide an up-to-date sanction list. As a result, you receive delayed or incorrect reports. Cloud Maven, Inc. has created OFAC Checker to eliminate these hassles, a handy OFAC sanction screening application designed for Salesforce users.
OFAC Checker is a Salesforce-native app that automates the screening process. It continuously monitors clients in the background and notifies you if their status changes. It has several features that help financial institutions, banks, lending companies, hospitals, employers and lenders streamline their credit reporting process.
OFAC Checker provides unlimited OFAC checks on individuals and entities and supports batch processing using any Salesforce standard or custom object.
OFAC Checker performs screening automatically/manually. As a result, it saves time and cost while eliminating human error. It saves “False Positive” profiles to avoid screening duplicity. The “False Positive” profiles remain marked for all the searches.
OFAC Checker provides regular updates on OFAC rules, regulations, and notices from all the agencies to ensure that your watch list contains the most recent sanction list. It supports advanced reporting metrics to provide insightful reports of each activity through charts and graphs. It also offers a fully-customizable dashboard for easy interpretation and tracking of reports. Businesses can configure the dashboard and separates the customers according to their OFAC match reports.
OFAC Checker does not require any coding knowledge. It is the most user-friendly and advanced sanction screening app available on Salesforce AppExchange. The application is compatible with most salesforce editions.
Switch to OFAC Checker today to avoid any unintentional OFAC violation. To get a 30-days free trial, write to us at email@example.com