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Sanctions List Screening for…

Solicitors - Accountants - Financial Advisers - Mortgage Brokers - Currency Exchange - Insurance Brokers - Recruitment Consultants - Banks - Insurance Companies - Estate and Lettings Agents…

Many firms are unaware of the existence of the sanctions list – and more importantly – they are unaware of THEIR OBLIGATION (under the Proceeds of Crime Act) to ensure that clients with whom they do business are not on the sanctions list.

The Joint Money Laundering steering Group (JMLSG) and The Financial Services Authority's guidance is clear.

Firms should be able to demonstrate their clients are not on the Sanctions List both now and into the future.

This is not as easy as just searching the list manually, as such a search produces no audit trail and therefore, the firm is still unable to actually demonstrate and prove their actions.

SanctionsSearch.com is that audit trail.

Every search carried out within our system is logged and along with a certificate for the client file, the system produces and maintains a permanent record of all clients searched against the list.

Furthermore, due to the fact that the list changes on an ongoing and regular basis, SanctionsSearch.com carries out ongoing screening after each and every HMT update, completely free of charge for all SactionsSearch.com clients meaning you can be confident about meeting your ongoing regulatory requirements.

Compliance under this legislation applies to all persons and companies in the UK not just financial services. Firms such as Solicitors, Accountants, Recruitment consultants, gaming websites and Lettings agents are amongst some of the industries that use our services.

FSA Factsheet

This is a excerpt of the FSA Factsheet on financial sanctions, you can Download the excerpt