OFAC Checker is a Salesforce-native OFAC screening app that automates the business workflow by conducting OFAC checks on individuals and entities using any Salesforce standard or custom object. Cloud Maven, Inc., a Salesforce certified ISV partner and the recipient of the 2021 Salesforce Partner Innovation Award, has developed this solution. Anti-money laundering laws require banks and other FIs to report suspicious activity to authorities. They are responsible for identifying and reporting any transactions they suspect could involve illegal funds or funding of terrorism. The OFAC sanctions list is regularly updated. Using OFAC Checker, banks can conduct an unlimited number of OFAC checks on individuals and entities, as well as batch processing to help businesses screen multiple profiles simultaneously. It includes a fully customizable OFAC dashboard to assist businesses in monitoring and analyzing reports. Its advanced reporting metrics provide them with consolidated reports on each activity in the form of charts and graphs.
Additionally, OFAC Checker supports automated audit trails and continuous profile monitoring. Banks can keep their watchlists updated by using the app, which provides the most recent OFAC rules, regulations, and notices from all authorized agencies. The application takes only minutes to install and generates real-time OFAC reports in less than 10 seconds, saving time and effort. This sanction compliance checking solution also serves as an AML transaction monitoring app, assisting businesses in maintaining a record of all transactions. It is easy to use and can be incorporated into your existing workflow as an API form. This OFAC compliance screening app is available on Salesforce AppExchange. To get a 30-days free trial, please get in touch with info@cloudmaveninc.com
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