31 CFR Chapter V
OFAC Compliance Execution for BaaS Platforms
OFAC regulations require financial institutions to screen against sanctions lists and block prohibited transactions. Canarie helps you execute OFAC compliance through automated workflows for screening procedures, match reviews, and reporting. Specifically tailored for the compliance requirements of baas platforms.
Key Requirements
BaaS Platforms Compliance Challenges
How Canarie Helps BaaS Platforms
Automated Workflows
Recurring OFAC Compliance Execution tasks are scheduled, assigned, and tracked automatically.
Evidence Capture
Evidence is captured automatically as compliance work is completed.
Audit Trails
Complete audit trails show who did what, when, with immutable records.
Examiner-Ready Export
Export organized evidence packages in formats examiners expect.
Non-Compliance Risks
Frequently Asked Questions
Other Regulations for BaaS Platforms
31 CFR Chapter X
BSA/AML Compliance Execution
Execute BSA/AML compliance with automated workflows for customer due diligence, transaction monitoring, and suspicious activity reporting.
12 CFR Part 1026
TILA/Reg Z Compliance Execution
Execute Truth in Lending compliance with workflows for disclosure accuracy, APR calculations, and periodic statement requirements.
12 CFR Part 1002
ECOA/Reg B Compliance Execution
Execute fair lending compliance with workflows for monitoring, exception tracking, and adverse action notice requirements.
Automate OFAC Compliance Execution for Your BaaS Platform
See how baas platforms execute compliance with confidence.