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 small and medium-size 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.

Our solution comes in two flavours:

• An onsite version (see data sheet) 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. Please contact us for pricing and / or to arrange a free demonstration.
• An online version (see data sheet) targeted primarily at smaller firms, especially intermediaries, who want to do ad-hoc searches. The annual subscription for this service is £199 (incl. VAT), which includes 10 search credits. Additional search credits can be purchased in batches of 50, 100 or 200, at a cost of less than £1 per search.
  Click here to register for this service.

Both versions use our unique search engine capabilities and produce the necessary reports to evidence to the FSA that appropriate searches are being run regularly against the blacklist.

A free trial of the service is available to all and will include 5 free searches of the target list. To access this free trial, please click on the link to the right.

Should you require any further information about the FSR Checker (including about the "pay per use" pricing model for this service), or to arrange a demonstration, please contact us .