Frequently Asked Questions

124. Am I required to screen for weak aliases (AKAs)?

Answer

OFAC’s regulations do not explicitly require any specific screening regime. Financial institutions and others must make screening choices based on their circumstances and compliance approach. As a general matter, though, OFAC does not expect that persons will screen for weak AKAs, but expects that such AKAs may be used to help determine whether a “hit” arising from other information is accurate

Date Released
January 18, 2011