FinTech & payments
OFAC screening for FinTech & payment companies
API-first OFAC screening for payment processors, neobanks, and financial technology platforms.
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FinTech companies and payment processors need OFAC screening built into their onboarding and transaction flows. OFACScreen's REST API and batch screening let you automate sanctions compliance without slowing down your users.
How fintech & payments use OFACScreen
User onboarding
Screen users at sign-up via our REST API. Integrate OFAC checks into your existing KYC flow with a single API call.
Payment processing
Check senders and recipients in seconds before you release a payment, transfer, or payout. The lists are updated daily.
Batch re-screening
Re-screen your user file against the latest sanctions data by CSV upload, or through the API batch endpoint at up to 100 names per request.
Compliance dashboard
Track screening volume, match rates, and audit logs from a single dashboard built for compliance teams.
What OFAC asks of fintech & payments
You may already be a money services business
If you transmit money, exchange currency, issue or sell prepaid access, or cash checks, you are likely an MSB. That means registering with FinCEN, running a written AML program, filing SARs when warranted, and complying with OFAC.
The examination reaches you through your bank partner
Your partner bank's regulators evaluate your compliance program as part of their oversight of the bank's third-party risk. Losing a bank partnership over compliance deficiencies can be existential for a fintech.
Screening at signup is not screening
Designations are added after your users onboard. Re-screen the user base in batch at least monthly, or keep the names that matter under daily monitoring.
Screen users and payees from your own code
Call the API at signup and before payouts, or upload a list. 14 days free, no card.
OFAC screening for every industry
- Banks & credit unions Account holders and wire parties
- Insurance Policyholders, claimants and beneficiaries
- Auto dealers Buyers in every sale and financing
- Mortgage & lending Borrowers and co-signers
- Real estate & title Every party to a closing
- Gaming & casinos Players and high-value payouts
- Cryptocurrency The people behind accounts
Try OFACScreen free
Start your 14-day free trial. No credit card required. Screen against 14 sanctions and export-control lists in seconds.