OFAC Sanctions Search
Category: Verify the Counterparty
What it is useful for
US sanctions screening for counterparties, banks, intermediaries, vessels, and names before payment.
Helpful terms: TT PaymentA telegraphic transfer or bank wire used to pay a trade counterparty directly, often split into deposit and balance milestones tied to production, inspection, shipment, or documents., Sanctions ScreeningA compliance check against relevant sanctions lists for counterparties, beneficial owners, beneficiary banks, countries, vessels, ports, and payment routes before trading or paying., Restricted Party ScreeningA check to confirm buyers, sellers, consignees, notify parties, owners, intermediaries, banks, and logistics providers are not denied, debarred, or otherwise restricted under applicable trade controls.