What is OFAC?
OFAC is the Office of Foreign Asset Control, which is part of the U.S. Department of Treasury. OFAC is responsible for administering and enforcing economic and trade sanctions against certain nations, entities and individuals. It maintains a listing of these restricted counter parties in a document called the “Specially Designated Nationals List” (SDN). They make this list available on their website.
What is an OFAC Search?
The OFAC Search confirms whether your applicant is on the criminals and terrorists watch lists of collected from databases around the world.
Tenant PI does a search of the following databases when performing an OFAC Search:
- Australian Reserve Bank Sanctions List
- Bank of England Sanctions List
- Debarred Parties List
- Denied Persons List
- European Union Terrorism Sanctions List
- FDA List
- Fugitive List
- Health and Human Services Exclusion List
- Interpol Most Wanted
- OFAC
- Office of Thrift Supervision (OTS)
- OFSI (Canadian Sanctions List)
- Palestinian Legislative Council List
- Politically Exposed Persons List
- United Nations Consolidated Sanctions List
- US General Services Administration Excluded Parties List
- World Bank Listing of Ineligible Individuals
