What are the penalties for OFAC violations?

OFAC penalties include civil fines up to $356,571 per violation (or twice the transaction amount, whichever is greater), criminal penalties up to $1 million and 20 years imprisonment, and potential loss of business licenses.

Detailed answer

SanctionsAI addresses this question through its core OFAC screening API workflow. The platform is designed to make the answer actionable rather than just informational.

Key considerations

• Understand your specific use case before deciding
• Evaluate the impact on your existing workflow
• Consider the cost of NOT addressing this question