SanctionsAI FAQ
Is OFAC screening required for crypto?
Yes. OFAC has stated that crypto transactions are subject to the same sanctions rules as fiat. Wallet screening is the standard practice.
Detailed answer
Yes. OFAC has stated that crypto transactions are subject to the same sanctions rules as fiat. Wallet screening is the standard practice. In the context of SanctionsAI (Free OFAC sanctions screening API), this is one of the most common questions from OFAC screening API users.
Related questions
- What is OFAC screening API?
- How does SanctionsAI differ from alternatives?
- What should I look for in a OFAC screening API?
Why this matters
This question matters because it gets to the core of how SanctionsAI works. Understanding the answer helps you make better decisions about your OFAC screening API workflow.