OFAC Alert

Compliance with regulatory guidelines from the Office of Foreign Assets Control (OFAC) is a business requirement that can add steps to the account acquisition and monitoring processes. 

Equifax can help simplify these processes with an automated OFAC screening process for U.S.-based organizations that must comply with OFAC regulations. To help efficiently and effectively screen both new and existing accounts in less time and using fewer resources, this solution compares new accounts to OFAC listings of Specially Designated Nationals, Blocked Persons and Blocked Entities before opening accounts or conducting transactions such as deposits, loans and fund transfers within existing accounts.

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