OFAC Debarment Screening Lists
BCS provides services to help companies manage supplier risks associated with terrorism, money laundering, identity theft, and fraud.
Screening Vendors Against Federal Compliance Requirements
Depending on your industry, federal laws may require that companies screen each vendor, contractor, and employee’s debarment status against certain exclusion databases. These federal databases include but are not limited to:
General Services Administration’s (GSA) Excluded Parties List System (EPLS)
Office of Foreign Asset Control’s (OFAC) Specially Designated Nationals List (SDN)
Bureau of Industry and Security (BIS) Denied Persons List (DPL)
Office of Inspector General’s (OIG) List of Excluded Individuals/Entities (LEIE)
How BCS Will Ensure Your Company’s Federal Compliance
It is integral for all businesses that are receiving federal funding or making payments to include a provision in their compliance policies to ensure that they are not doing business with restricted individuals or entities placed on the OFAC list.
BCS maintains a list of your suppliers, contractors, and employees and regularly checks the OFAC screening of vendors, which are continuously updated. BCS notifies you electronically with the identity of those individuals and entities when they are placed in these exclusion databases. Additional suppliers, contractors, and employees can be added to your database at any time.
Contact BCS for a free trial or for more information on our OFAC debarment screening and how we can help manage your supplier risks and ensure your company maintains federal compliance.