OFAC AML & KYC Screening API | Real-Time Sanctions Compliance

Empowering Confident Compliance Decisions

Transform your compliance workflow with real-time sanctions screening. Our comprehensive OFAC AML & KYC Screening API enables automated verification of individuals and businesses against sanctions lists with unmatched accuracy and speed.

Our API delivers instant access to comprehensive sanctions data, helping alternative lenders and financial institutions streamline their compliance processes. By automating manual lookups, you can save approximately 500 hours per month on 10,000 verifications while maintaining strict compliance standards.

Key Features of OFAC API

Real-Time Screening

Instant OFAC sanctions verification
Live compliance monitoring
Automated KYC verification
Long polling for efficient processing
Callback URL functionality

Smart Matching Technology

Advanced name matching algorithms
0-1 confidence scoring system
Perfect 1 score for exact matches
Alternative name (AKA) detection
Address verification and validation

Comprehensive Coverage

OFAC sanctions lists
Business verification
Cache backup when state systems are down
Primary source documentation
Real-time screenshots

Technical Integration

API Specifications

{
  "baseURL": "https://apigateway.cobaltintelligence.com/ofac",
  "method": "GET",
  "format": "JSON",
  "authentication": "API-Key"
}

Required Parameters

headers = {
    'x-api-key': 'YOUR_API_KEY',
    'Content-Type': 'application/json'
}

params = {
    'searchQuery': 'Business or Individual Name',
    'searchType': 'individual/business'
}

Business Benefits for Alternative Lending Industry

Efficiency Gains

Reduce manual screening time
Process thousands of verifications daily
Automate compliance workflows
Scale operations efficiently
Minimize human error

Risk Management

Enhanced fraud detection
Comprehensive risk assessment
Real-time compliance monitoring
Detailed audit trails
Automated red flag alerts

Compliance Assurance

Meet OFAC requirements
Support AML compliance
Enhance KYC procedures
Document verification efforts
Maintain regulatory standards

Implementation Support

Getting Started Guide

Request API credentials
Review documentation
Configure parameters
Test integration
Go live

Developer Resources

Comprehensive API documentation
Sample code repositories
Integration guides
Technical support
Testing environment

Integration & Support

Quick Implementation

RESTful API architecture
Comprehensive documentation
Developer-friendly endpoints
Integration support available

Enterprise Support

Dedicated technical assistance
Integration guidance
Ongoing consultation
Nominal support charges may apply

Pricing

Flexible Options

Volume-based pricing
Decreasing cost per request with scale
Annual plan discounts
Additional charges for resource-intensive requests
Custom enterprise plans
Pilot programs

How current is your data?

We pull data directly from state databases in real-time, providing primary source verification with screenshots for audit trails

What states do you cover?

ALL 50 states plus DC. No exceptions.

How fast is the integration?

Most clients are up and running in LESS THAN A WEEK.

How does the confidence level indicator work?

Our system assigns a score between 0 and 1, with 1 indicating an exact match. This helps assess the accuracy of business name matches

Can the API handle business name variations?

Yes, our system handles common variations, including business suffixes like LLC, and removes unnecessary punctuation to improve match accuracy

What types of fraud can your system help detect?

Our API helps identify unregistered businesses, expired entities, and discrepancies in business officer information or addresses

How does the API handle EIN verification?

The API verifies EIN numbers with the IRS, matching them against submitted business names for additional verification.

What integration support do you provide?

We offer comprehensive API documentation, dedicated technical support, and flexible implementation options to ensure smooth integration

What customization options are available within the API?

Clients are free to use the data they get back in any way that suits their process and that is legal. Cobalt Intelligence is open to discussing specific customization requests, though they find that most clients' needs are well met with the current capabilities of their API.