OFAC Checking Tool: OFAC Checker
OFAC Checker is a Salesforce-native OFAC screening app that automates business processes by performing OFAC checks on individuals and entities using any Salesforce standard or custom object. This solution is developed by Cloud Maven, Inc., a Salesforce-certified ISV partner and winner of the 2021 Salesforce Partner Innovation Award. In the face of today’s increasingly sophisticated financial crime and money laundering schemes, knowing your customer (KYC) is a huge challenge for financial institutions, and the cost of non-compliance is high. Cloud Maven, Inc.’s OFAC Checker, is dedicated to assisting financial institutions in increasing operational efficiencies by removing the complexities of manual processes and the risks associated with human error. Another issue that most financial institutions face is that the OFAC sanctions list is constantly being updated. This issue is addressed by OFAC Checker, by providing regularly updated OFAC rules, regulations, and notices from all authorized agencies. OFAC Checker allows banks to perform an unlimited number of OFAC checks on individuals and entities and batch processing to help businesses screen multiple profiles simultaneously. It includes a fully customizable OFAC dashboard to assist businesses in monitoring and analyzing reports. Its advanced reporting metrics provide them with consolidated reports on each activity in the form of charts and graphs.
Additionally, OFAC Checker supports automated audit trails and continuous profile monitoring. The app allows financial institutions to keep their watchlists up to date with the most recent OFAC sanctions list. The application takes minutes to install and generates real-time OFAC reports in less than 10 seconds, saving time and effort. This sanction compliance checking solution also serves as an AML transaction monitoring app, assisting businesses in maintaining a record of all transactions. It is easy to use and can be incorporated into your existing workflow as an API form. This OFAC compliance screening app is available on Salesforce AppExchange. To get a 30-days free trial, please get in touch with firstname.lastname@example.org