OFAC Dealer Comparison Report (FPSDR269) |
  
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OFAC Dealer Comparison Report (FPSDR269) |
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Availability
This report is generally run monthly or quarterly in the monthend afterhours. It can only be processed once per institution.
Purpose
This report will compare dealer names against the OFAC list (Office of Foreign Assets Control).
Only the last names are compared to the OFAC file when looking for matches. If there is a match, the name will appear on the report. A dealer name may appear multiple times on the report, depending on how many OFAC names it matches. The dealer name may match either an OFAC master name or an OFAC alias name. (If it matches an OFAC alias name, then the OFAC master name is shown as well.)
There are two types of matches: an exact match and a Soundex match. An exact match can be when the last, first and last, or entire names are spelled exactly the same. A Soundex match is when the last names have different spellings, but may sound similar.
The report will show the entity name and parent company, if any, as well as the dealer's name—the dealer's first name, middle initial, and last name. It will then show the OFAC alias name (if it matched on an OFAC alias name), and then the OFAC master name.
The report is broken into two sections. The first section includes the exact matches and the second section the Soundex matches. The second section can be excluded, if desired, with a miscellaneous option in the setup (see below).
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GOLDPoint Systems Only: The Critical From range is 1 to 12.
This report has three miscellaneous options:
•Select Misc Opts 1 to print only exact last name matches. •Select Misc Opts 1 and 2 to print the exact last and first name matches. •Select Misc Opts 1, 2, and 3 to print the exact last, first, and middle name matches. |
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Report Column Information
See FPSDR269 Example for an example of this report.
Column |
Description |
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Entity |
This is the name of the dealer entity, such as a company name. |
Contact Name |
This is the name of a person related to the entity, such as the owner of the dealership. |
Parent Co. Name |
This is the name of the dealer's parent company. |
OFAC Alias Name |
This is the alias name of the dealer from the OFAC file. |
OFAC Master Name |
This is the master name of the dealer from the OFAC file. |
Totals and Subtotals Provided
A subtotal of the number of matches of names with at least one match will be shown. This will count each name that had a match at least once, regardless of how many matches the name may have had.
After that total, the number of names that were read and compared is shown. This should be the total number of names on the database for that institution.
