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Office of Foreign Assets Control (OFAC)

Watchlist screening solutions and identity verification

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What is OFAC compliance?

OFAC is an office of the U.S. Treasury responsible for outlining and prosecuting trade sanctions to support national security and protect against targeted individuals and entities, including foreign countries or individuals engaging in organized international crime. According to the Federal Financial Institutions Examination Council (FFIEC), meeting OFAC compliance consists of blocking accounts and other property of specific countries, entities and individuals, as well as prohibiting or rejecting unlicensed trade and financial transactions.

Building your OFAC compliance program

In order to keep your organization on track to comply with OFAC regulations, your organization must establish and maintain a written program to meet compliance, taking into account the risks your business faces. For example, you need to consider the geographies in which you conduct business, customers you serve or transactions you typically complete to determine the level of sophistication your program should include. Once you understand these risks to your organization, OFAC calls for policies and procedures to be established for reviewing your transactions and the people involved.

OFAC compliance program

Safeguard and monitor your business

Take advantage of our strong, comprehensive authentication solutions to combat multiple challenges, including identity theft, fraud risks associated with a steep rise in e-commerce activity, international organizations and increasingly stringent legislation.

Watchlist screening for unsanctioned entities

Businesses can search and match names against compliance and global watchlists. Real-time data service can be accessed in many ways — including the ability to plug the data directly into your data environment.

A comprehensive compliance program

Our solutions allow you to remain compliant with OFAC regulations and mitigate your risk of significant fines or imprisonment.

Compliance screening to help reduce false positives

With better matching capabilities to compare contact details with government lists, we can return a score indicating the probability of a match.

Industry-specific intel

Check out the industries we serve.

How we can help

  • Our list-matching capabilities enable us to search against OFAC’s sanctions list, including the Specially Designated Nationals (SDN) list, FinCEN 314a and other watchlists to protect your business.
  • We offer numerous delivery options from real-time reviews of a single name to an automated service that reviews millions of records within hours.
  • Our sanctioned lists are updated on a daily basis, ensuring you always have access to the most up-to-date data available.
  • We help you to reduce false positives through keeping track of previous matches and leveraging sophisticated matching technology.

Insights

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A better fraud platform

Learn about our fraud and identity platform to monitor and spot suspicious transactions fast.

Precise ID® Model Suite

Implement robust identity verification to ensure you can confirm who you’re doing business with.

Money laundering detection

Empower your team to monitor your portfolio against sanction lists.

Know which lists are used

Avoid fines and imprisonment for failure to comply with OFAC regulations.

Ensure compliance with OFAC

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