Complying with
OFAC
The federal government now closely monitors the compliance of all financial institutions with Office of Foreign Assets Control (OFAC) regulations. Whether you have fifty members or fifty thousand, OFAC compliance must be a priority.
Introducing the OFAC Suite from Par3IT
We are happy to introduce a suite of easy-to-use tools to help with your OFAC compliance.
- OFAC Lookup allows you to verify new accounts, wire transfers, and
check disbursals against the OFAC database using a standard Web browser such
as Internet Explorer.
- OFAC Batch allows you to submit a file of member names which we will compare against the OFAC database and provide a report to you of any matches.
The OFAC Lookup tools are available in two varieties: Online and Enterprise.
OFAC Online
Here you can access our web site to check names and submit
files. The only requirement for your credit union is an internet connection
and a web browser.
OFAC Enterprise
Use your own intranet to check names and
submit files. This requires that your credit union has a server running
Microsoft Internet Information Server (IIS), Microsoft Access 2000, and client
PCs with a web browser.
Designed -- and Priced -- with Small to Mid-sized
Credit Unions in Mind
Pricing for our OFAC tools are as follows:
# Limits |
Price |
Annual Maintenance |
|
| OFAC Lookup Enterprise | Unlimited | $4,995 | $995 |
| OFAC Lookup Enterprise | 50 Seats | $2,495 | $495 |
| OFAC Lookup Enterprise | 25 Seats | $1295 | $295 |
| OFAC Lookup Online | Unlimited | $1295 | $0 priced one time or per year? |
| OFAC Lookup Online | 25 Seats | $695 | $0 |
| OFAC Lookup Online | 10 Seats | $495 | $0 |
| OFAC Lookup Online | Single Seat | Free | $0 |
| OFAC Batch Processing, Enterprise | over 50,000 names | $225 | one-time lookup? |
| OFAC Batch Processing | over 25,000 names | $150 | |
| OFAC Batch Processing | over 10,000 names | $100 | |
| OFAC Batch Processing | over 5,000 names | $75 | |
| OFAC Batch Processing | under 5,000 names | $50 | |
Free Trial
Period
You can use OFAC Lookup Online free until September 1st by pointing
your browser to http://www.tc2cu.com/ofac.asp.
List ways to contact us? Follow-up actions?