- Membership
- Certification
- Resources
- Events
- Community
- About
- Help
Conducting OFAC Checks for New Foreign Vendors
September 16, 2025
Q.How can we check a new foreign vendor through OFAC before entering them in our system?
A.
(Answered by IOFM's third-party Vendor Master File advisor)
The consolidated watchlists of the Office of Foreign Assets Control (OFAC) with in the US Department of Treasury has a free lookup tool to search both vendors and foreign financial institutions. Here is the link: https://sanctionssearch.ofac.treas.gov/
It is recommended to search:
All vendors, since US entities and individuals may have…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
