All U.S. businesses must adhere to the regulations set by the Office of Foreign Asset Control (OFAC). Since 1998 OFAC policies were created to prevent terrorists, narcotic traffickers, and domestic criminals from threatening the economic security of our country. Businesses that partake in financial transactions, of any amount, with members of the SDN list (Specially Designated National) or with countries, that have been sanctioned by the US government, there by not reporting and blocking the transaction, could face civil and criminal penalties resulting in a $250,000 fine and or 10 years imprisonment for each offense. These penalties not only pertain to the business but also the offending employee. In this day and age it is imperative to know with whom companies are conducting financial exchanges with.
SAFFE Tech Inc.’s pricing packages are solely designed around the company’s needs, to provide the most cost effective solution, thereby avoiding the expense of purchasing and maintaining costly OFAC screening software, setting up an infrastructure and any necessary tools and equipment. An advantage that SAFET Tech Inc. has over all other competitors is an OFAC scan solution, including the pricing, which can be adjusted to meet the current needs companies face. This includes inexpensive solutions for small businesses as well as multi complex solutions for large companies with offices or franchises throughout the US. The scanning solutions can be easily adjusted as compliance and business requirements change, which allows the business to focus on their current needs without having to pay for ancillary services. State of the art servers afford customers the efficiency and effectiveness of a secure connection necessary to meet demands in today’s market.
