​​​​​​​OFAC Checker is an application that automates the business workflow by screening individuals and entities against the updated OFAC sanctions list. Cloud Maven, Inc., a certified Salesforce ISV Partner and the 2021 Salesforce Partner Innovation Award recipient has developed this solution. Banks are regulated by the Federal Reserve System, meaning they cannot offer loans without getting permission from the central bank. If a lender lends money to someone who is on OFAC blacklists, then the lender could lose its license and face fines or even jail time. OFAC Checker helps you identify sanctioned individuals and entities.

OFAC Checker is intended to provide the most dependable and trouble-free OFAC sanctions screening experience possible. Lenders can use the OFAC checker to ensure that a specific individual or entity has not been convicted of terrorist financing, money laundering, drug trafficking, or dealing in weapons of mass destruction. Being involved with such people could land you in hot water. It allows lenders to conduct unrestricted OFAC screening on individuals and entities. It supports batch processing and offers a fully-customized OFAC dashboard to help you understand and monitor the reports. Its advanced reporting metrics help lenders obtain insightful reports through charts and graphs. The app can also automate the process completely. As a result, it eliminates the need for human intervention while reducing cost and time. The application is available on the Salesforce AppExchange. For a 30-day free trial, write to info@cloudmaveninc.com. Visit https://cloudmaveninc.com to know more. Follow us on LinkedIn and Twitter to stay updated.