How do I check a counterparty that uses OFAC in a deal?

The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

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Regulatory bodiesofac

OFAC

US Office of Foreign Assets Control — administers and enforces US economic and trade sanctions.

OFAC (Office of Foreign Assets Control) is the US Treasury unit that administers and enforces US economic sanctions. Its SDN List (Specially Designated Nationals) is the most important single sanctions list globally — every USD-cleared transaction passes through US correspondent banks, so any OFAC-listed entity is effectively cut off from dollar trade.

OilFlow screens every applicant against OFAC SDN, UN Consolidated, EU Consolidated, and UK HM Treasury lists as a hard stop in the 7-step KYC pipeline.

Related: KYC, UN-Sanctions.

Frequently asked

What does OFAC mean in oil and commodity trading?: US Office of Foreign Assets Control — administers and enforces US economic and trade sanctions.
How do I check a counterparty that uses OFAC in a deal?: The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.