Screens your customer file
Checks customers against OFAC's Specially Designated Nationals list, including its aliases, at onboarding and again when the list changes.
Technology
A compliant program your own team can run.
RegSmart uses AI and purpose-built software to cut the cost of building and running a dealer compliance program and to make it more accurate. The goal is a program you administer in-house, with RegSmart on call, not a compliance function you rent indefinitely.
OFAC software31 CFR 501
Proprietary OFAC compliance software, built for precious metals and jewelry dealers
OFAC compliance is mandatory for every dealer, regardless of size. Most sanctions tools are built for banks and payment companies. RegSmart's OFAC software is built around how a dealer works: a retail customer file, metal and goods held in storage or inventory, and a small compliance team that has to close every alert and prove how it did.
Works every alert through the tiers
Our tiered disposition framework is built in, so each possible match is cleared, escalated, or confirmed by the same steps every time.
Records what was compared
Each disposition records the identifiers checked, their source, and the result, and produces a disposition memo ready for the file.
Tracks the deadlines
On a confirmed match, it calculates the 10-business-day blocking report deadline and tracks the September 30 annual report.
Keeps the record
Organizes screening and disposition records for OFAC's 10-year retention period.
Ready for your tester
Produces the alert history and disposition records your independent tester and your bank will ask to see.
AI
Where AI lowers cost and improves accuracy
We use AI for the work that is slow, repetitive, and error-prone when done by hand. A person with BSA and OFAC expertise reviews every output, and your compliance officer makes every compliance decision.
Program builds
Drafting the program, procedures, and risk assessment from your actual products, customers, and suppliers, so the build takes weeks instead of months and costs less.
Regulatory accuracy checks
Reviewing program text line by line against the regulations, to catch wrong citations, bank-only provisions, and commitments nobody performs.
Alert analysis
Preparing the comparison and the draft disposition memo for each alert, so your compliance officer reviews and decides instead of starting from a blank page.
Training
A guided tutor that takes a new compliance officer through the curriculum, and produces your missing procedures and checklists as lesson work.
Contract and program alignment
Comparing custody, supplier, and platform agreements against your program, so their compliance terms say the same thing.
Regulatory change
Tracking changes such as FinCEN's AML/CFT program proposal and identifying which parts of your program they touch.
Customer data stays controlled. We design AI-assisted workflows so customer identifying information does not need to be sent to general-purpose AI tools.
In-house
Built by us, administered by you
You own the program
The written program, procedures, templates, and records are yours, and they are written for your staff to follow.
Your officer runs it
We train your compliance officer to run screening, dispositions, Form 8300, and training without outside help.
We stay on call
RegSmart handles hard escalations, regulatory changes, and the independent test, so the person testing your program is not the person running it.
See the OFAC software on your own data.
We will walk through your current alert process and show how the software handles it.