Introducing OFACWatch

OFACWatch, an extremely sophisticated search system, enables state jurisdictions to easily check the names and addresses of beneficial owners, members, and shareholders against the Global Watch Lists during the company formation process.

Powered by advanced, fuzzy multicultural name searching and sophisticated matching intelligence, OFACWatch finds hits often overlooked using standard methodologies.

Using advanced phonetic algorithms, OFACWatch overcomes the infinitely numerous techniques used to disguise real identities. These include transcriptions, transpositions, acronyms, phonetics, sequence differences, nicknames, cultural differences, etc.

OFACWatch complies with the U.S. Treasury’s Office of Foreign Assets Control (OFAC). With OFACWatch, states can assist law enforcement investigations of money laundering, tax evasion, or other misconduct.

Features at a glance

• Highly effective phonetic algorithms, comparison routines and multicultural name rulebases virtually eliminate false positives
• User controlled similarity thresholds and confidence levels allow flexible matching
• Fuzzy or exact matching can be performed on dates in different formats, addresses, passport numbers, etc.
• Can reach speeds of several million records per hour
• Runs on all versions of Windows, Unix, Linux, AS/400 and IBM Mainframe