Do cryptocurrency exchanges need OFAC screening?
Yes, crypto exchanges and DeFi protocols must screen wallets against the SDN list. OFAC has imposed multi-million dollar penalties on crypto platforms for sanctions violations.
Detailed answer
SanctionsAI addresses this question through its core OFAC screening API workflow. The platform is designed to make the answer actionable rather than just informational.
Key considerations
- Understand your specific use case before deciding
- Evaluate the impact on your existing workflow
- Consider the cost of NOT addressing this question
Take action: Free OFAC sanctions screening API. Try it free.
Related resources
- Is OFAC screening required for crypto exchanges? [2026 Guide]
- Is OFAC screening required by law? — SanctionsAI FAQ
- What are the penalties for OFAC violations? [2026 Guide]
- Sanctions Risk Assessment Checklist [2026 Checklist]
- SanctionsAI vs SWIFT Sanctions Screening — Which Is Better in 2026?
- How to build a sanctions compliance program