One of my countless compliance discussion groups turned up a potential gem. What if I told you that there is a a website that provides a free, searchable OFAC SDN List database. That's right. Free. Would you believe me? You should.
Access the website here.
Please check the disclaimer for the website, which you may access here. The website is not affiliated with the U.S. Treasury Department, or any other government agency. Information retrieved from searches conducted on the website contains information made available from directly within the public domain of OFAC and is not altered. OFAC and NCUA have not endorsed the product.
That being said, credit unions should take a look at the website to see if using it makes sense. And you can't beat the price.
(By the way, I checked my name and Osama Bin Laden's on the site. One one gave a hit. Thank goodness.)