This web services is created for Money Transfer Businesses in US to meet the requirements of the US Treasury Department s Office of Foreign Asset Control (OFAC).OFAC restricts transactions with specific countries, organizations and individuals. The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. OFAC acts under Presidential wartime and national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze foreign assets under US jurisdiction. This WebService checks in SDNLIST Provided by OFAC ,for the Blocked Person (Both FirstName and Last Name) in Method (CheckBlockedNames)or the Corporation (Only Last Name) in Method (CheckBlockedEntities) and you can Get the Blockedlist of Persons within the tolerance (Levensthine Distance) in Method(CheckBlockedNamesWithTolerance)
The following operations are supported. For a formal definition, please review the Service Description.