Real estate & title
OFAC screening for real estate & title companies
Title companies and settlement agents must screen all parties in real estate transactions against OFAC.
- Lakeview Holdings LLCBuyer · LLC No match
- Martin AlvarezBeneficial owner of the buyer No match
- Gulf Star Shipping FZESeller · on the OFAC SDN list Match 97%
Title companies, escrow agents, and real estate firms are subject to OFAC regulations and must screen all parties involved in real estate transactions. OFACScreen provides the screening tools and documentation you need for every closing.
How real estate & title use OFACScreen
Title searches
Screen buyers, sellers, and all parties named in the transaction as part of your title search process.
Settlement & closing
Run OFAC screening on all parties at settlement, including agents, attorneys, and beneficial owners.
Commercial transactions
Screen entities, beneficial owners, and foreign nationals involved in commercial real estate deals.
FinCEN GTO compliance
Screen parties in transactions covered by Geographic Targeting Orders for additional OFAC risk.
What OFAC asks of real estate & title
The shell company is not the party to screen
A shell company will not appear on the SDN List. Its beneficial owner might. Screening the entity name and stopping there is how a sanctioned buyer gets through a closing.
Geographic targeting orders already ask for the names
Since 2016 FinCEN has issued GTOs requiring title insurance companies to identify the natural persons behind shell companies buying residential real estate in named metropolitan areas.
Screen again before you disburse
A final screen before funds are released catches designations made between opening the file and closing it. If it looks like a true match, stop the transaction and do not tell the parties why. OFAC rules prohibit tipping off.
Screen every party to your next closing
Check buyers, sellers and beneficial owners, and keep the record for the closing file. 14 days free, no card.
OFAC screening for every industry
- Banks & credit unions Account holders and wire parties
- FinTech & payments Users, merchants and payees
- Insurance Policyholders, claimants and beneficiaries
- Auto dealers Buyers in every sale and financing
- Mortgage & lending Borrowers and co-signers
- 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.