OFAC Checker- Most advanced automated OFAC compliance checking app inside Salesforce
There are several watch lists of individuals, entities, and countries that are prohibited from doing business in the USA for various reasons. OFAC sanctions list includes the SDN (Specially Designated Nationals), UVL (Unverified Lists), FSE (Foreign Sanctions Evaders), SSI (Sectoral Sanctions Identifications), and others. If you do business with individuals and entities on these watch lists, you are exposing your organization to the risk of fines and other penalties. That’s why a comprehensive OFAC screening is required before proceeding with any deal. Traditional OFAC screening processes are complex, time-consuming, and missing relevant details. Cloud Maven, Inc. has developed OFAC Checker to streamline and simplify your compliance process. It is straightforward to deploy, seamless and intuitive to use.
OFAC Checker is a cost-effective subscription base SaaS compliance tool that supports unlimited OFAC checks on individuals and entities automatically/manually using any Salesforce object. It supports batch processing. Thanks to its advanced reporting metrics, it provides comprehensive details for each activity via charts and graphs. It offers an OFAC dashboard that helps in easy report interpretation and analysis.
OFAC Checker provides updated OFAC rules, regulations, and notices from all agencies. To remain compliant, businesses must keep up to date with changes in the recent sanctions list.
Some of the many benefits of OFAC Checker are:
It prevents OFAC violations
It supports screening for multiple sanctions list
It is easy and quick to deploy
It doesn’t require coding knowledge
It provides continuous monitoring of existing customers
It is compatible with the most of the Salesforce editions