Manage exposure, prevent regulatory penalties and get OFAC sanction compliant.
Your OFAC Compliance
Economic sanctions by the Office of Foreign Assets Control (OFAC) prevent American companies from doing business with sanctioned individuals, groups or countries. Failure to comply can result in steep regulatory penalties and exposure. To get OFAC compliant and protect your business, you’ll need to verify users against agency sanction lists and manage your liability.
Veratad verifies your users’ identity data, registration credentials and location. We then screen against OFAC sanctions, as well as other blacklists, including Politically Exposed Person datasets.
Identity verification with Veratad reliably verifies identity to help facilitate the detection and prevention of money laundering, terrorist financing, corruption and politically exposed persons. The end result is cost-effective, dependable OFAC compliance that protects your business from political and regulatory exposure.
Create Your Own (Approval) Rules
Veratad enables you to set your own verification rules based on your company’s needs and risk tolerance. Our implementation team guides you through setup to follow industry best practices for OFAC compliance.
Demonstrate Full Compliance
Veratad’s API is OFAC compliant and designed to obtain high confidence verifications of users against agency blacklists and gray lists. This helps you demonstrate the highest levels of compliance, due diligence and social responsibility to users and regulatory agencies.