OFAC Compliance Solutions

Automated Sanctions and Watchlist Screening

OFAC Compliance Solutions

Ensure your institution’s OFAC compliance

Abrigo's scanning products provide automated sanctions and watchlist screening functionality that increase efficiency and boost program efficacy.

Solutions for:

Financial Institutions | Non-Financial Institutions

Identify Potential Risk

Having confidence in your system means knowing you are following regulatory requirements and keeping up with them as they change. Our OFAC software automates that process for you, providing an extra level of security and transparency.

Our screening solutions were built to work across departments, streamlining workflows and cutting down on excessive back-and-forth.

Software Functionality

Know that your institution
is in compliance with efficient screening

Abrigo's integrated technology automatically updates and screens customers/members, vendors, and transactional databases. With 10+ watchlist options, you can automate scans against OFAC, Politically Exposed Persons (PEP) list, FinCEN, EU/UK/UN sanctions, and more to ensure compliance, identify undetected threats, and protect your bottom line.

Automated Compliance Software 

Scan customer/member and vendor lists nightly to avoid a relationship with those on sanctions or watchlists.

Audit Automation & Documentation

Keep regulators happy with a documented audit trail showing your compliance efforts and risk-based program.

Streamline OFAC screening with our automated solutions
Schedule a Demo
The U.S. Treasury Department's
Office of Foreign Assets Control (OFAC)
Framework for OFAC Compliance Commitments

OFAC released A Framework for OFAC Compliance Commitments strongly encouraging organizations to take a risk-based approach to sanctions compliance by developing, implementing, and routinely updating a sanctions compliance program. 

 

The framework outlines five essential components

  • Management Commitment

  • Internal Controls

  • Testing and Auditing

  • Risk Assessment

  • Training 

What does this mean for you?
It is time to take a closer look at your OFAC Compliance Program
get help from abrigo

OFAC Compliance
for Non-Financial Institutions

This OFAC screening software can be a stand-alone server or a web-based product, both of which are easy to implement and use. IQ AutoScan™ is a quick, efficient way for organizations across industries to ensure they aren’t servicing known or suspected threats.

IQ AUTOSCAN™

Sanctions screening applies to automobile dealers, insurance companies, casinos, healthcare companies, and others who are required to screen their customers and vendors against the OFAC list. IQ AutoScan™ scans customer and vendor databases daily against OFAC, Politically Exposed Persons (PEP) list, FinCEN, EU/UK/UN sanctions lists, and other blacklists/watch lists to ensure compliance and defend your organization.

explore iq autoscan

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!