Linksfield Technologies ltd Software /  Financial Sanctions Register (FSR) Checker

The Financial Sanctions Register (FSR) is a consolidated list of target names (individuals and companies) provided by the UN, EU and UK governments, under legislation relating to current financial sanctions regimes. Maintained by the Asset Freezing Unit of HM Treasury, the register changes frequently. Financial Institutions in the UK are obligated to check their clients against this register for compliance purposes, both when taking on new clients and on an ongoing basis (to ensure existing clients haven't subsequently been added to the blacklist).

Linksfield's FSR Checker is designed to help businesses compare their customer lists against this sanctions register. This solution is of particular importance and relevance given the EU's 3rd Money Laundering Directive which came into effect in the UK in Dec 2007, building upon the Proceeds of Crime Act 2002 and Terrorism Act 2000. HM Treasury has also recently launched a consultation on a new draft terrorist asset-freezing bill (March 2010).

Our solution comprises two key components (see figure below and product sheet):

  • A software client which runs in the Financial Institution's offices. This has the facility to integrate with other back office systems and facilitates batch processing and scheduling of comparison checks.
  • A web service which runs on Linksfield's servers and which the Financial Institution can integrate directly into.

FSR Checker

The system uses our unique "fuzzy matching" search engine algorithm, LIMA, and produces the necessary reports to evidence to the FSA (or other regulatory bodies) that appropriate searches are being run regularly against the blacklist.

Should you require any further information about the FSR Checker solution, please contact us for pricing and / or to arrange a free demonstration!

Call us on 020 8492 3570
Email us sales@linksfield.com

Linksfield Products

The FSR Checker product sheet can be downloaded below.

FSR Checker Product Sheet

Linksfield Products

Linksfield Technologies ltd Case Studies
Sanctions List Changes

Linksfield Technologies ltd
NewAsset Freezing Bill (Mar 2010)
FSA Report (Apr 2009)
IFA Online Article (19 May 2009)
Bridging & Commercial Article
(30 Apr 2009)
Anti Money Laundering Sphere (30 Apr 2009)
Times Article (28 Apr 2009)
HM Treasury Website
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