Combing through the thousands of names on the U.S. Treasury's Office of Foreign Asset Control's (OFAC) sanctions lists can be a long and tedious process. A tool on the Financial Industry Regulatory Authority (FINRA)'s website can help. In the OFAC Sanctions Program Listings on their site, at https://apps.finra.org/RulesRegulation/OFAC/1/Default.aspx, you can search for up to 500 names, organizations, embargoed countries and regions at a time. The page provides links to OFAC's web site and allows you to view alphabetical lists of Specially Designated Nationals and/or the Palestinian Legislative Council list. Using the search engine is easy. Type in the name or...
Some firms under the purview of the nation's largest independent securities regulator are failing to meet anti-money laundering compliance standards despite spending enough money to do so, according to an agency regulator.
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