31 CFR Chapter V

OFAC Compliance Execution for Regional Banks

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 regional banks.

More for Regional Banks

Key Requirements

1
Sanctions list screening
2
True match vs. false positive review
3
Blocked property reporting
4
Rejected transaction handling
5
License application procedures
6
Record retention

Regional Banks Compliance Challenges

Multi-state regulatory complexity
Coordinating compliance across business lines
Scaling compliance with growth
Managing multiple examiner relationships
Consistent policy implementation

How Canarie Helps Regional Banks

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

Civil penalties up to $330,947 per violation
Criminal penalties up to $1M and 20 years imprisonment
Reputational damage

Frequently Asked Questions

Automate OFAC Compliance Execution for Your Regional Bank

See how regional banks execute compliance with confidence.