Comprehensive OFAC and SDN Screening Software
A robust OFAC Compliance Software Solution is necessary to ensure you do not do business with people designated by OFAC on its watch lists. The Office of Foreign Assets Control (OFAC), a division of U.S. Department of the Treasury, administers and enforces foreign assets control in support of U.S. Sanctions programs, including organizations and individuals that sponsor terrorism, narcotics trafficking, money laundering, and the proliferation of weapons of mass destruction.
Our OFAC compliance software integrates OFAC regulatory processes and SDN screening into your current business processes to help you achieve the OFAC compliance level specific to your industry. It also makes sure you stay up-to-date with changes to OFAC regulations and sanctions, as well as with updates to the SDN list and other watch lists.
OFAC compliance software advantagesmore +
Meeting OFAC and other counter-terrorism financing (CTF) and anti-money laundering (AML) regulatory requirements can be costly; failing to comply can be even more expensive, impacting your brand value, your bottom line, and your executives' liberty.
The Visual Compliance OFAC compliance software helps you streamline and simplify your trade and financial compliance efforts, helping you to cost-effectively:
- Comply with OFAC, USA PATRIOT Act, and Sarbanes-Oxley regulations
- Screen against U.S. government and international watch lists such as the SDN watch list to ensure you comply with anti-money laundering and anti-terrorism legislation.
- Prevent OFAC compliance violations of country embargoes and sanctions
- Reduce training costs with superbly designed user-centric intuitive interfaces, integrated help and process-driven workflows
- Integrate screening into your business processes for greater efficiencies
- Realize a quick return on investment consequent to your staff getting more done and focusing on what matters
Key OFAC screening featuresmore +
With more than 30 years of trade and financial compliance automation expertise, the Visual Compliance OFAC compliance software provides the functionality, flexibility, and accuracy to cost-effectively manage rapidly changing compliance regulations.
- Robust, comprehensive compliance management functionality
- Advanced data preparation techniques for faultlessly accurate content, updated daily in our OFAC compliance software
- Real-time entity and country screening
- Secure internet-based technologies plus optional built-in integration capabilities for SAP, Oracle and other ERP environments, eCommerce and legacy software applications
- Bulk-processing with self-serve and full service options
- Audit recording, escalated notifications and alerts, and dynamic re-screening
- Sophisticated and relevant matching software algorithms that significantly reduce false positives
- Risk Country alerts for countries under sanctions, such as Iran, in entity searches, independent of the entity being screened
- User-centric workflows and intuitive interfaces for quick learning curve, rapid uptake and reduced training costs
- Comprehensive set of selectable U.S. and international regulatory watch lists, including the SDN list PLUS the ability to easily include internal watch lists
- Robust, flexible case management tools
- OFAC Compliance and management reporting with drill-down access to granular data
- Up-to-date and fully searchable laws, regulations, orders, guidelines and contacts
- Highly scalable architecture
- Advanced, industry-standard security features
Comprehensive watch listsmore +
The OFAC SDN is just one of the U.S. and international watch lists you need your OFAC compliance software solution to screen against. To see a more comprehensive selection of the watch lists offered by Visual Compliance, click here.
For more information about our Visual OFAC software, visit our dedicated Visual OFAC site, call toll-free 1-877-328-7866 (Intl: 716-881-2590) and talk to one of our sanctions compliance consultants, or send an email.