Federal law stipulates any retailer that annually purchases $50,000 or more in over-the-counter buys is required to check any sellers’ contact information against the Office of Foreign Asset Control (OFAC) sanction list. Learn more on the official OFAC website here.
To facilitate this, The Edge now integrates with the OFAC sanction list and will check customer contact information against the list when a Trade/Buy is completed at POS.
If there are any matches, they will be displayed along with how probable of a match it is.
NOTE: This is an opt-in feature and is disabled by default.