Trusted OFAC compliance solution

OFAC Screening Software

Automated SDN list compliance for businesses of all sizes. Screen entities against OFAC sanctions lists in seconds — not hours.

100 free screenings/month7 sanctions listsReal-time alerts

What is OFAC Screening?

OFAC stands for the Office of Foreign Assets Control, a division of the U.S. Department of the Treasury responsible for administering and enforcing economic and trade sanctions. OFAC maintains several sanctions lists, the most prominent being the Specially Designated Nationals and Blocked Persons (SDN) List, which contains thousands of individuals, companies, and organizations that U.S. persons are prohibited from doing business with.

OFAC screening is the process of checking the names and identifying information of your customers, counterparties, and business partners against these sanctions lists. All U.S. persons — including citizens, permanent residents, entities organized under U.S. law, and anyone physically located in the United States — are required to comply with OFAC regulations. This obligation extends to foreign branches and subsidiaries of U.S. companies.

The consequences of non-compliance are severe. OFAC can impose civil penalties of up to $330,000 per violation under a strict liability standard — meaning you can be penalized even if you had no knowledge that the other party was sanctioned. Criminal violations can result in fines of up to $1 million and imprisonment of up to 20 years. In recent years, OFAC enforcement actions have resulted in penalties totaling hundreds of millions of dollars against financial institutions, technology companies, and other businesses.

Manual OFAC screening — searching names one by one on the OFAC website — is error-prone, time-consuming, and fundamentally unscalable. It fails to account for name variations, transliterations, or aliases, and provides no audit trail. This is why modern businesses rely on automated OFAC screening software to ensure comprehensive, consistent, and documented compliance.

Why Choose SanctScan for OFAC Compliance

SanctScan is purpose-built OFAC compliance software that combines powerful screening capabilities with an intuitive interface. Here is what sets it apart.

Automated SDN Screening

Screen names against the OFAC SDN list with advanced fuzzy matching that catches aliases, transliterations, and alternative spellings. Get results in seconds instead of hours of manual lookup.

Continuous Monitoring

Set up ongoing monitoring for your customers and counterparties. SanctScan automatically rescreens monitored entities and sends instant email or webhook alerts when risk profiles change.

REST API

Integrate OFAC screening directly into your onboarding flow, payment processing, or KYC workflow with our REST API. Simple JSON requests and responses with comprehensive documentation.

Bulk CSV Upload

Screen hundreds or thousands of entities at once by uploading a CSV file. Track progress in real time and download results when complete — ideal for periodic portfolio-wide rescreening.

7 Global Sanctions Lists

Go beyond OFAC with screening against EU, UK, UN, Australian, Canadian, and Swiss sanctions lists. A single search covers all major international sanctions programs in one pass.

Risk Scoring

Every potential match receives a confidence-based risk score with full details on which lists triggered the match, the matched aliases, and the source data. Make faster, more informed compliance decisions.

Whether you need a simple OFAC screening tool for occasional checks or a full-featured sanctions screening platform for enterprise compliance, SanctScan scales with your business. Every plan includes access to all seven sanctions lists, risk scoring, and search history.

How OFAC Screening Works with SanctScan

Get started with automated OFAC compliance in three simple steps. No lengthy onboarding, no implementation consultants — just sign up and start screening.

1

Enter a name or upload a list

Type a single name into the search bar for an instant OFAC check, or upload a CSV file containing hundreds of entities for bulk screening. Either way, you get comprehensive results against all supported sanctions lists.

2

Get instant results with risk scores

Within seconds, SanctScan returns a detailed screening report showing any potential matches, the confidence-based risk score for each match, which sanctions lists were hit, and the full entity details from the source data.

3

Set up continuous monitoring

Add high-priority entities to continuous monitoring with a single click. SanctScan automatically rescreens them whenever sanctions lists are updated and sends you instant alerts via email or webhook if anything changes.

The entire process from account creation to your first OFAC screening takes less than two minutes. SanctScan handles the complexity of fuzzy matching, list updates, and risk scoring behind the scenes so your team can focus on reviewing results and making compliance decisions.

Who Needs OFAC Screening Software?

OFAC compliance is not limited to banks. Any business that deals with customers, vendors, or partners must ensure it is not engaging with sanctioned parties. Here are the industries where OFAC screening software is essential.

Banks and financial institutions

Subject to BSA/AML requirements and examined by federal regulators for OFAC compliance program effectiveness.

Money service businesses (MSBs)

FinCEN-registered MSBs including money transmitters, check cashers, and currency exchanges must screen all transactions.

Fintech companies and neobanks

Digital financial services face the same OFAC obligations as traditional banks, often with higher transaction volumes and faster onboarding.

Export and import businesses

Must screen all parties in the supply chain — buyers, sellers, shipping companies, and end users — against OFAC lists before every shipment.

Cryptocurrency exchanges and DeFi platforms

OFAC has specifically targeted crypto wallets and protocols. Exchanges must screen wallet addresses and counterparty names.

Insurance companies

Required to screen policyholders, claimants, and beneficiaries. OFAC has issued significant penalties to insurers for compliance failures.

Real estate firms

FinCEN Geographic Targeting Orders require title companies to identify beneficial owners, and all real estate transactions are subject to OFAC sanctions.

Legal and accounting practices

Professional service firms must ensure they are not providing services to sanctioned parties, especially in cross-border transactions.

Regardless of your industry, if your business touches U.S. commerce in any way, OFAC compliance software is not optional — it is a legal requirement. The strict liability standard means that ignorance is not a defense.

OFAC Screening Pricing

Transparent, predictable pricing with no hidden fees. Start free and scale as your compliance needs grow.

Free
$0/month
  • 100 screenings/month
  • 10 monitored entities
Starter
$29/month
  • 1,000 screenings/month
  • 100 monitored entities
Most Popular
Growth
$149/month
  • Unlimited screenings
  • 1,000 monitored entities
Enterprise
Custom
  • Unlimited screenings
  • Unlimited monitoring

View Full Pricing

SanctScan vs Other OFAC Screening Solutions

See how SanctScan compares to manual OFAC screening processes and traditional enterprise compliance solutions.

FeatureSanctScanManual ProcessEnterprise Solutions
Setup timeMinutesN/AWeeks to months
CostFrom $0/moStaff time$10,000+/year
OFAC SDN coveragePartial
Additional global lists6 more listsNoVaries
API accessNoUsually
Continuous monitoringNoSometimes
Bulk screeningNoUsually

SanctScan bridges the gap between manual processes that do not scale and enterprise solutions that cost tens of thousands of dollars per year. With a generous free tier and plans starting at $29 per month, you get enterprise-grade OFAC screening software at a fraction of the cost — with none of the implementation complexity.

Frequently Asked Questions

What is OFAC screening?

OFAC screening is the process of checking individuals, organizations, and vessels against the sanctions lists maintained by the Office of Foreign Assets Control (OFAC), a division of the U.S. Department of the Treasury. The primary list is the Specially Designated Nationals and Blocked Persons (SDN) List. Businesses use OFAC screening software to ensure they do not engage in prohibited transactions with sanctioned parties.

How often should OFAC screening be done?

OFAC screening should be performed at customer onboarding, before processing any transaction, and on an ongoing basis as sanctions lists are updated frequently — sometimes multiple times per week. Continuous monitoring is the gold standard for compliance, as it automatically rescreens your existing customers and counterparties whenever the SDN list changes.

What happens if you fail an OFAC check?

If a match is found during an OFAC screening, you are required to block the transaction and freeze any assets associated with the designated party. You must file a blocking report with OFAC within 10 business days. Depending on the circumstances, you may also need to file a Suspicious Activity Report (SAR) with FinCEN. Proceeding with a transaction involving a sanctioned party can result in severe civil and criminal penalties.

Is OFAC screening required for all businesses?

Yes. OFAC regulations apply to all U.S. persons, which includes U.S. citizens, permanent residents, entities organized under U.S. law, and anyone physically present in the United States. OFAC compliance operates under strict liability — meaning you can be penalized even if you did not know the other party was sanctioned. This is why automated OFAC screening software is essential for businesses of all sizes.

How does automated OFAC screening work?

Automated OFAC screening software compares names and identifying information against the SDN list and other sanctions databases using fuzzy matching algorithms. This accounts for transliteration differences, spelling variations, and aliases. Each potential match receives a confidence-based risk score, allowing compliance teams to quickly triage results and focus on high-risk matches rather than manually reviewing every entry.

What is the OFAC SDN list?

The SDN list (Specially Designated Nationals and Blocked Persons List) is maintained by OFAC and contains the names of individuals, companies, and organizations that are subject to U.S. economic sanctions. The list includes terrorists, narcotics traffickers, and those involved in weapons proliferation, among others. U.S. persons are prohibited from conducting business with anyone on the SDN list, and any assets they hold must be blocked and reported to OFAC.

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