OFAC Compliance
Posted on February 15, 2012
All businesses, large and small, should be OFAC compliant, making sure that they are not doing business with restricted individuals or entities. OFAC is the Office of Foreign Asset Control, part of the U.S. Department of Treasury, responsible for administering and enforcing economic trade sanctions against certain nations, entities, and individuals. OFAC maintains a list of these parties called the Specially Designated Nationals List or SDN. Instant OFAC (www.instantofac.com) provides this list for free and facilitates an advanced search that is accessible to everyone. With this site you can search the OFAC SDN without the need of expensive compliance software.
All businesses, large and small, should be OFAC compliant, making sure that they are not doing business with restricted individuals or entities. OFAC is the Office of Foreign Asset Control, part of the U.S. Department of Treasury, responsible for administering and enforcing economic trade sanctions against certain nations, entities, and individuals. OFAC maintains a list of these parties called the Specially Designated Nationals List or SDN. Instant OFAC (www.instantofac.com) provides this list for free and facilitates an advanced search that is accesible to everyone. With this site you can search the OFAC SDN without the need of expensive compliance software.