Free OFAC List Searches
By Amy Kudlacek
Over the years we have directed our clients to http://www.ofaccompliance.com/ as this website provided free OFAC list searches. It was recently brought to our attention that this website will no longer be offering this service for free. This was a very useful tool, especially, for our small banks that do not have this feature available on their computer systems.
So what are you to do if you were using http://www.ofaccompliance.com/ to check the OFAC list? There are a couple options. First, you could download the OFAC list from the U.S. Department of Treasury's website in an Adobe (pdf) format and use the "search" function (the binoculars icon) to find a name. Or, you could look for some other websites that offer free OFAC list searches. As the old saying goes, "you get what you pay for" so you will obviously want to do some due diligence (checking that the list is updated regularly and in a timely manner, etc.) before using these websites. Here are a couple resources we have come across that you can check out.
http://www.creditbureauconnection.com/