Our Mission
Driven by a passion for excellence and a dedication to simplifying complex compliance processes, OFAC API is not just a service; it's a commitment to the success of your business. Our team of experts is constantly working to enhance and expand our offerings, ensuring that you have access to the most up-to-date and relevant data sources.
Whether you are a small business or a large enterprise, our goal is to provide you with a scalable, reliable, and user-friendly solution that seamlessly integrates into your existing workflows. Discover the difference that OFAC API can make for your business – a difference that goes beyond compliance, offering peace of mind and a foundation for sustainable growth.
How We Match
OFAC-API's individual and entity screening and search functions were designed in coordination with the U.S. Department of the Treasury based on the latest guidelines, which call for a fuzzy logic search. The search algorithm utilizes multiple matching techniques: Jaro-Winkler character similarity and Soundex phonetic matching.
The search returns exact matches as well as partial matches that meet a minimum threshold as defined by the user. The higher the threshold, the fewer results will be returned and the higher the likelihood of a match.
Please visit the Treasury Department's official policies for more information on the guidelines.
RESTful APIs
The APIs allow for customized queries based on your organization's risks. For example, query only entities, ignore aliases, and use a strong threshold configuration to avoid false positives. API results are structured and available in software engineers' preferred data formats.
Resources
See these external resources provided by the relevant regulatory bodies for more information.
- FinCEN.gov - Information on Complying with the Customer Due Diligence (CDD)
- govinfo.gov - Customer Due Diligence Requirements (PDF)
- bsaaml.ffiec.gov - OFAC Compliance Rules & Information
- Treasury.gov - OFAC Resource Center
- Treasury.gov - OFAC Frequently Asked Questions
- BIS.gov - DPL Resource Center
- BIS.gov - KYC Rules & Guidance (Know Your Client)