This search allows US firms to ensure they are not doing business with individuals or firms being sanctioned by the US or individuals involved in terrorist, narcotics and other disreputable activities that could negatively affect the company. All organizations both big and small need to be OFAC compliant.
OFAC Searches include:
- U.S. Patriot Act Searches – Searches a government “terrorist” list of individuals wanted for questioning involving possible financial crimes.
- Nonproliferation Sanctions – The United States imposes sanctions under various legal authorities against foreign individuals, private entities, and governments that engage in proliferation activities.
- Parties Engaged in Proliferation Sanction List – Sanction List that focuses on foreign individuals, private entities, and government agencies that engage in proliferation activities.