NRS and Linksfield Technologies announce joint Financial Sanctions Register checking service
by Gordon McMurray (08 October 2009)
London-based technology firm, Linksfield Technologies, has announced the launch of a jointly branded Financial Sanctions Register (FSR) Checker system with National Regulatory Services (NRS). As part of the agreement, Linksfield will offer NRS’ customers access to Linksfield’s Online FSR Checker which will be co-branded, enabling NRS customers to remain compliant with UK sanctions legislation. The Financial Services Authority recently warned small and medium sized institutions that controls need to be improved in order to avoid doing business with members on the Government’s “blacklist” of financial sanctions. The blacklist is managed by the Treasury and consists of around 1,400 individuals and 500 entities linked to terrorist financing in Britain and abroad. Software like the Financial Sanctions Register (FSR) Checker is designed to help smaller businesses compare their customer lists with updates from the Treasury’s list of financial sanctions targets.