ProScan OFAC
OFAC Screening Compliance Solution
ProScan OFAC helps ensure that your business doesn’t unknowingly aid in terrorist financing. Specifically, it’s a quick and easy way to help your business satisfy the USA PATRIOT Act’s Customer Identification Program (CIP), Office of Foreign Assets Control (OFAC) and Red Flags Rule compliance requirements.
Product Highlights
- Advanced match logic reduces the likelihood of false positives
- Helps mitigate repurchase, default and delinquency costs
- Easily integrated into your current LOS and other systems
How it Works
ProScan OFAC automatically checks all of your applicants against the OFAC database and, within seconds, returns easy-to-review results. Optimum best match results are delivered based on an advanced matching algorithm that recognizes misspellings, alternate foreign spellings, typographical errors and abbreviations.