OFAC API

What OFAC API does

OFAC API is a developer-focused sanctions, AML, and KYC screening API platform operated by Rock and Welch LLC, a Florida-based LLC founded in 2015 and headquartered in the Orlando / Saint Petersburg area. The company serves compliance teams and developers at banks, credit unions, insurance carriers, payment processors, remittance providers, and money services businesses across more than 35 countries, with a stated customer base of over 500 organizations and 10M+ parties screened cumulatively.

The platform is built around four v4 RESTful APIs sharing a common base URL and API-key authentication: a Screening API for synchronous real-time screening, a Jobs API for asynchronous bulk processing of up to 100,000 records per job with webhook notifications, a Search API for broader watchlist research, and a World Data API providing direct access to normalized sanctions data. Screening is performed against 20+ global datasets covering OFAC SDN, EU, UK, UN, FinCEN, PEP, crypto wallet identifiers, vessel data, government-contract eligibility, and dual-use goods lists, with US and EU sources refreshing as frequently as every 2 minutes. The matching engine combines Jaro-Winkler character similarity with Soundex phonetic matching, developed in coordination with the U.S. Department of the Treasury, and exposes configurable match thresholds (80–100, recommended 95), source selection, entity-type filtering, and ongoing delta-monitoring via a lastScreenDate field. The publicly available Sanctions Web Search utility and the Veriscan KYC/AML SaaS sub-brand extend the offering beyond raw screening.

Revenue is generated through monthly or annual subscription plans with usage-based pricing quoted at less than $0.01 per counterparty, tiered self-service plans, and custom enterprise agreements for high-volume clients and dedicated private hosting. A 30-day free trial with full Enterprise access and an Overage Protection cap of $100 per month support a product-led growth motion, supplemented by direct sales outreach for enterprise and custom deals. No funding rounds, institutional investors, or M&A activity are disclosed.

Name

OFAC API

Legal name

Rock and Welch LLC

Website

https://ofac-api.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

OFAC API is a developer-first sanctions, AML, and KYC screening API platform serving 500+ compliance teams across 35+ countries in banking, insurance, payments, and remittance with real-time and bulk screening against 20+ global watchlists.

Ownership category

akta.pro rank

Product category

Regulatory Compliance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Sanctions & Watchlist Screening (FSAFAOAF)

akta.pro secondary industries

Sanctions Screening (OFAC/UN/EU) (FSAMAMAC), Sanctions Screening & Watchlist/PEP Screening (Crypto) (FSADALAC), AML/Financial Crime for Securities (KYC, Sanctions, PEP) (FSACAJAE)

Keywords

• Sanctions screening API
• AML compliance software
• KYC verification API
• Watchlist screening tools
• OFAC compliance APIs

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. API Subscription and Usage-Based Licensing: Revenue is generated through subscription plans with API usage-based pricing. Organizations pay per counterparty screened, with costs quoted at less than $0.01 per counterparty depending on volume. The company offers tiered self-service plans as well as custom enterprise agreements for high-volume clients. A 30-day free trial with full Enterprise access is available for new accounts. Paid subscriptions bill monthly or annually, with prorated adjustments for upgrades on yearly plans.
2. Premium and Enterprise Plans: Enterprise-grade features including PDF case reports, full API access, and advanced configuration are accessible through paid subscription tiers. Custom plans are available for organizations requiring dedicated private service hosting or higher volume thresholds.
3. Overage Charges: Usage beyond plan limits is permitted as a courtesy to protect business continuity, with overage charges applied. Overage Protection is offered as a one-time cap on overage fees at $100 per month.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

OFAC API provides a RESTful API platform for sanctions screening, AML compliance, and KYC workflows. The platform offers four core v4 APIs—Screening API for real-time synchronous screening, Jobs API for asynchronous bulk screening up to 100,000 records, Search API for broad sanctions research, and World Data API for raw normalized data access—along with the Veriscan KYC/AML SaaS solution, screening individuals, entities, vessels, crypto wallets, and other identifiers against 20+ global sanctions and risk datasets.

Product overview

OFAC-API.com is a sanctions screening and compliance API platform operated by Rock and Welch LLC. The product portfolio consists of four core v4 REST APIs — the Screening API for real-time and batch transaction screening, the Jobs API for large-scale asynchronous bulk screening, the Search API for broad research queries, and the World Data API for raw sanctions data access — plus the free Sanctions Web Search web tool and the Veriscan KYC/AML SaaS add-on. All APIs share a common base URL (api.ofac-api.com/v4), use API key authentication, and screen against the same underlying global sanctions database refreshed every 2 minutes.

Differentiator

Problem solved

Functional benefit

Brands

• Veriscan: Complete SaaS + API solution for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance obligations.

Products and services

• Screening API

Quantifiable outcome

• Screening cost of less than $0.01 per counterparty based on volume
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Dow Jones Risk & Compliance: Enterprise sanctions, PEP, and adverse media screening provider with deep data heritage. Serves large banks and corporates with bundled watchlist and ownership data products.
• Refinitiv World-Check (LSEG): Enterprise-grade KYC and sanctions screening platform from the London Stock Exchange Group, with proprietary adverse media and PEP data. Represents the incumbent standard OFAC API competes against on price.
• LexisNexis Risk Solutions: Provides Bridger Insight and other sanctions, KYC, and beneficial ownership screening products to large financial institutions and corporates. Comparable through overlap in financial crime compliance workflows.
• Moody's (Bureau van Dijk) Orbis: Provides KYC, UBO, and corporate registry data alongside sanctions screening for enterprise compliance. Comparable through the financial crime compliance buyer and overlapping sanctions list coverage.

Direct peers

• Sanctions.io: API-based sanctions and PEP screening service targeting developers and fintechs with similar API-first delivery, comparable to OFAC API in product shape and target customer.
• Verafin: Financial crime management platform with sanctions screening, AML, and fraud detection capabilities primarily serving banks and credit unions. Comparable through overlapping banking and credit union buyer base.
• ComplyAdvantage: API-first AML and sanctions screening platform offering real-time transaction monitoring, KYC, and PEP screening. Closest comparable to OFAC API given shared API-first GTM, target verticals, and pricing model.

Emerging players

• TRM Labs: Blockchain intelligence and AML compliance platform with crypto-native sanctions screening. Comparable in the digital asset compliance segment where OFAC API also operates.
• AML Watcher: Smaller sanctions and PEP screening API vendor targeting fintechs and smaller banks with affordable alternatives to enterprise incumbents. Direct comparable on price-point and developer-first delivery.
• Chainalysis: Specialist blockchain analytics and crypto compliance platform with sanctions screening for crypto wallets and counterparties. Comparable through overlap in the crypto sanctions screening segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/ofacapi
• LinkedInlinkedin.com/company/ofac-api-com

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OFAC API