OFAC Nft FAQs
Answers to common questions about OFAC sanctions and NFTs, covering marketplace transfers and wallet screening.
TL;DR
TL;DR: NFT transfers move value between wallet addresses, and OFAC can designate those addresses. Screen the buyer, seller, and royalty recipient before settling.
Why NFTs need screening
An NFT transfer settles value between wallet addresses, and OFAC lists specific addresses as blocked property. A marketplace or agent that settles to a designated wallet can create a violation for its operator under strict liability. The control is the same as for any on-chain payment: check the address against the SDN List before the transfer completes.
Common questions
- Which parties should be screened? The buyer, seller, and any royalty recipient address.
- How fast is the check? One HTTP call in under 100 ms, returning ALLOW or BLOCK.
- What data backs the check? 947 OFAC-listed crypto wallets and 19,218 SDN names, synced hourly.