Introduction to the OFAC Patriot™

The Office of Foreign Assets Control (OFAC) administers a series of laws that impose economic sanctions against hostile targets to further U.S. foreign policy and national security objectives. Economic sanctions are powerful foreign policy tools. Their success requires the active participation and support of U.S. companies.

The OFAC Patriot™ is an application that is designed to help financial institutions and other government mandated industries to be in compliance with the regulations of the USA PATRIOT Act, Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), and other related governmental regulatory requirements.

These laws require that all U.S. financial institutions must monitor all financial transactions performed by or through them to detect those that involve any entity or person subject to these laws and regulations.

The OFAC division of the U.S. Department of Treasury also requires other specific industries to routinely check their client data and transactional information against the OFAC Specially Designated Nationals (SDN) list and the OFAC Consolidated Non-SDN list.

Program Overview

The OFAC Patriot™ provides the ability to be in compliance with these regulations in the most cost-effective and least time consuming manner.

The OFAC Patriot™ is based on .NET technology and is a database-matching engine that allows for single entry searches of existing client and/or new applicant entries, as well as entire client databases, against the U.S. Department of Treasury's OFAC SDN list and the OFAC Consolidated Non-SDN list.

This "user friendly" software application has a live update function that allows you to expeditiously retrieve the routinely updated information with the simple click of a button.

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OFAC Patriot™ Benefits

The OFAC Patriot™ is competitively priced to meet your budgetary needs
The OFAC Patriot™ license purchase provides the purchaser with an unlimited user license for multiple workstations and users (some restrictions may apply)
Full technical support is available via email or telephone
The OFAC Patriot™ Graphical User Interface (GUI) provides for ease-of-use and a clear understanding of all functions and capabilities
The OFAC Patriot™ is scalable to add or change functionality and can be customized to meet your needs
The OFAC Patriot™ is network ready and can be installed on a server along with multiple workstations on a network or individually on single workstations
The OFAC Patriot™ in the Server version, Multi-Batch version and .DLL version all provide for scheduling fully automated services such as: daily Live Update of OFAC Data lists, scheduling days & time to conduct Automated Batch Searches of your Data Files, and electronic archiving of Batch Search Result Reports in the Batch Report Log

Key Features

The OFAC Patriot™ is currently available in a Windows, Server, Multi-Batch, Web and .DLL version.

Click here to view the product version matrix.

Feature	WIN	WEB	M-B
Live Update/Import Data Lists
Recognize Different File Formats & Delimiters
Build Custom Accept Lists		tba
Share Common Data Lists/Files/Reports		tba
Network Ready
Single User Enabled
Multi-User Enabled
Single Search Functionality			n/a
Batch Search Functionality		n/a
Review & Print Search Result Reports
Save Search Result Reports in Batch Report Log		n/a
Schedule Automated Data Updates & Batch Searches	n/a	n/a
Scalable for Modifications & Integration

(WIN = Windows version, SRVR = Server version, WEB = Web version, M-B = Multi-Batch version, DLL = .dll version)

* 2024 New Client Package: SPECIAL $625 - Includes licensure for both the OFAC Patriot™ program < Windows & Server Versions >, & the FinCEN Patriot™ program. Annual license renewals remain at the same cost with no pricing increases.
* We offer special discount pricing for smaller Credit Unions and for volume licenses. ***

Published fee schedule for financial institutions is as follows, based upon asset size:

Financial Institution Asset Size	Annual Price
< $50M	$595.00
$51M - $100M	$625.00
$101M - $200M	$895.00
$201M - $300M	$1295.00
> $301M	Please call or email for pricing request

To enquire about pricing for non-financial institution clients, product customization, or software application integration options for developers, please send your enquiry information via email to Dr. Michael Lee:mlee@patriottechcorp.com

In order to download a no-obligation, 10-day trial evaluation version of the OFAC Patriot™ program, please click this link and select the program and version that is suitable for your application: link.

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