Is OFAC screening required by law?

Yes. U.S. persons and businesses must screen transactions against OFAC lists. Penalties for non-compliance can reach $300K per violation.

Detailed explanation

Yes. U.S. persons and businesses must screen transactions against OFAC lists. Penalties for non-compliance can reach $300K per violation. This is a common question from users evaluating OFAC screening API solutions, and the answer depends on your specific use case.

How SanctionsAI addresses this

Free OFAC sanctions screening API. The platform is designed to make this question straightforward — you configure once and the system handles the rest.