OFAC Screening Compliance Solution
ProScan OFAC helps ensure that your business doesn’t unknowingly aid in terrorist financing. Specifically, it’s a quick and easy way to help your business satisfy the USA PATRIOT Act’s Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC) and Red Flags Rule compliance requirements.
- Advanced match logic reduces the likelihood of false positives
- Helps mitigate repurchase, default and delinquency costs
- Easily integrated into your current LOS and other systems
- Available in batch format
ProScan OFAC automatically checks all of your applicants against the OFAC database and, within seconds, returns easy-to-review results. Optimum best match results are delivered based on an advanced matching algorithm that recognizes misspellings, alternate foreign spellings, typographical errors and abbreviations.