Free OFAC Search Anywhere. Achieve OFAC Compliance.
Welcome to Instant OFAC, a project dedicated to making a FREE advanced search algorithm available to everyone, not just large corporations. Now you can search the OFAC SDN list without the need of expensive compliance software.
What is OFAC?
OFAC is the Office of Foreign Asset Control, part of the U.S. Department of Treasury. OFAC is responsible for administering and enforcing economic and trade sanctions against certain nations, entities and individuals. OFAC maintains a listing of these restricted counter parties in a document called the "Specially Designated Nationals List" (SDN). They make this list available on their website.
Who needs to be OFAC compliant?
Everyone. All businesses large and small need to make an effort to ensure that they are not doing business with restricted individuals or entities. If you are making payments, you need to have a compliance program.
Why can't I just search the list available on their website?
You can. The only problem is that with most text searches, like those provided in Adobe Acrobat or Microsoft Word, only accommodate for exact matches. So, if you do a search for "John Smith", but it is listed in the SDN list as "Jon Smith", you will not get a match. This can be dangerous, and you could be held liable for any matches that you fail to catch. Using Instant OFAC provides a more robust search tool.