The risk
Why ownership matters
OFAC FAQ No. 401 states that an entity may be treated as blocked if 50% or more of it is owned — directly or indirectly in the aggregate — by one or more blocked persons. Recent enforcement (GVA Capital, $215.9M in 2025) demonstrates that missing indirect ownership chains carries significant penalty risk.
The challenge for mid-market firms: enterprise ownership intelligence platforms (Sayari, Kharon, Moody's Orbis) deliver depth at enterprise prices. Most smaller fintechs, funds, and exporters lack a cost-effective way to document ownership-risk review with defensible evidence.
Verifex sits in the gap: an API-first ownership traversal engine with GLEIF data, explainable calculations, and source-backed export — priced for mid-market teams.
Deliverables
What you receive
Ownership chain traversal
Recursive traversal of corporate ownership chains up to 10 levels deep, with cycle detection and intermediate holding-company resolution.
Sanctioned owner checks
Cross-reference each entity in the ownership chain against configured sanctions lists to identify blocked or designated parties.
Aggregate ownership calculation
Compute effective ownership percentages through intermediate entities, applying the OFAC FAQ No. 401 aggregation rule across the full chain.
Source-backed evidence report
JSON report with every ownership link, source reference, calculation step, and timestamp. Structured for legal review and internal compliance documentation. PDF export is on the roadmap.