OFAC Compliance FAQs

Answers to common questions about OFAC compliance for agents and payments, covering the rules and the screening control.

TL;DR

TL;DR: OFAC compliance means not transacting with SDN List parties, under strict liability. SanctionsAI enforces it by blocking flagged counterparties before payment, with the 4-Gate protocol.

The rules that matter

OFAC, the Office of Foreign Assets Control inside the US Treasury, administers sanctions through the SDN List. Compliance is strict liability, so intent is not required, and civil penalties start at $356,000 per violation. The 50 Percent Rule extends blocking to entities owned 50 percent or more by a blocked person. SanctionsAI operationalizes these rules for automated payments.

Common questions

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