Financial crime and sanction breaches are critical risks for remittance payment processors. OFAC API provides a trusted sanction search capability to meet the requirements of multiple international sanctions and anti-money laundering (AML) laws.

OFAC-API.com, through collaboration with the US Department of the Treasury, provides a Tier 1 screening solution. It adheres to fuzzy logic guidelines to identify potential risks while limiting false positives.

Real-Time Payment Screening

Providing your customers with a first-class digital experience means sanction checks must be fast and reliable. Our Screening API is designed with these requirements in mind, utilizing modern cloud-based architecture to deliver high availability and low latency for real-time screening of remittance transactions.

Meeting International KYC and AML Laws

The remittance industry is heavily scrutinized by global Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Choosing a screening provider that meets all your compliance obligations can be challenging.

A few things to consider when evaluating sanction compliance services:

Responsiveness Can you quickly reach a knowledgeable representative in the event of a compliance question or audit preparation?

Ease of Integration Will your development team prefer the screening solution to be flexible enough to tie into your existing business software?

Trusted Is the provider considered a Tier 1 solution by the most important regulatory organizations, for example OFAC.

Authoritative Sanctions Data and Expertise

Financial institutions are at the forefront of financial crime prevention, and evolving KYC and AML requirements present ongoing challenges. Your clients expect seamless digital experiences.

Our industry-trusted API provides flexible solutions to the most common banking and financial compliance challenges, including:

Office of Foreign Assets Control (OFAC) Regulations
European Union 5th Money Laundering Directive and EU External Actions
BSA/Anti-Money Laundering (AML)
Financial Crimes Enforcement Network (FinCEN)
US Department of Commerce – Bureau of Industry and Security (BIS DPL)

See the Datasets page for a complete listing of all sanctions and risk data.

Mexican Tax Code Article 69.B