OFAC compliance software for sanctions screening and reporting.
OFAC administers strict-liability sanctions: US persons and anything touching USD must screen against the SDN and Consolidated lists, resolve ownership under the 50 Percent Rule, and block or reject prohibited transactions with reports filed on time. ComplianceSuite runs screening, ownership resolution, decisioning and reporting in one auditable layer aligned with OFAC's Framework for Sanctions Compliance Commitments.
- SDN and Consolidated list screening, updated as lists change
- 50 Percent Rule ownership and control resolution
- Real-time payment and counterparty screening
- Blocking, rejection and 10-day reporting evidence
Sanctions list screening
Screen customers, counterparties, vessels, wallets and payments against the SDN List and OFAC's Consolidated lists, with fuzzy matching tuned to your risk appetite and list updates applied as they publish.
- SDN, SSI, NS-MBS and consolidated list coverage
- Configurable matching with documented thresholds
- Real-time payment screening for USD flows
- Batch and ongoing re-screening on list changes
50 Percent Rule ownership resolution
OFAC's 50 Percent Rule means entities owned 50% or more by blocked persons are themselves blocked. Resolve ownership and control structures so indirect exposure is caught before the payment moves.
- Beneficial-ownership and control mapping
- Aggregate ownership across multiple blocked persons
- Ownership evidence retained per decision
- Corporate-tree refresh triggers
Blocking, rejection and reporting workflows
When a match is confirmed, route the decision through a controlled workflow: block or reject the transaction, place funds in an interest-bearing blocked account where required, and file reports to OFAC within the required timeframes.
- Blocking and rejection decision records
- 10-day blocking reports and annual blocked-property reports
- Rejected-transaction reporting evidence
- General and specific licence tracking
A sanctions compliance programme with evidence
OFAC's Framework for Sanctions Compliance Commitments expects management commitment, risk assessment, internal controls, testing and training. Each element runs as configured workflow with time-stamped proof it operated.
- Sanctions risk assessment with version history
- Independent testing findings and remediation
- Training assignment and completion records
- Voluntary self-disclosure evidence packs
FAQ
Regulator questions, answered.
Who is the OFAC compliance page for?
It is for US persons and any business touching US dollars — banks, payment firms, fintechs, exporters, insurers and crypto platforms — that must screen against OFAC lists, block or reject prohibited dealings and report to OFAC on time.
Is OFAC compliance really strict liability?
Yes. Civil penalties can apply even without knowledge or intent, which is why documented screening, ownership resolution and decision evidence matter so much in an enforcement review. A strong compliance programme is also a significant mitigating factor in OFAC penalty calculations.
How does the platform handle the 50 Percent Rule?
Ownership and control structures are resolved so that entities owned 50% or more — individually or in aggregate — by blocked persons are flagged, with the ownership evidence retained alongside each screening decision.
Are list updates applied automatically?
Sanctions lists are refreshed as OFAC publishes changes, and affected populations can be re-screened with the results logged, so you can evidence what applied at the time of any decision.
Does it support EU and UK sanctions alongside OFAC?
Yes. EU Consolidated List, UK OFSI and UN lists run in the same engine with per-jurisdiction routing, so groups subject to several sanctions regimes manage them in one place.
How do OFAC implementations usually start?
Most teams begin with a scoped discovery session mapping the sanctions risk assessment, screening coverage and reporting obligations to a target programme, typically with a 6-10 week implementation plan and a parallel-run period.
Evidence every OFAC decision, before OFAC asks.
Book a session and we will show how screening, ownership resolution and reporting connect into one auditable programme.