Financial sanctions prohibit an organisation from carrying out transactions with a listed individual or organisation. Financial sanctions apply to all transactions; there is no minimum financial limit.
The sanctions search tool checks against government publications across the UK and European Union for specially designated nationals, politically exposed persons and high risk person lists. The tool will reveal global, European and UK financial sanctions alerts.
Sanctions Checker is a powerful, easy-to-use system that significantly reduces the time and effort to perform global sanctions search and checks against the listed targets. Its unique combination of capabilities offers an effective and pragmatic solution to your requirements.
Sanctions Checker’s versatile capabilities give you:
Sanctions Checker may be implemented as an installed application or may be integrated directly with your existing systems and databases. With either approach, access to Sanctions Checker is via a secure internet connection, ensuring multiple offices, or multiple users in the same office, can use Sanctions Checker anytime, anywhere. Moreover, it helps protect client data as information is stored on your private network.
Reports of a sanctions search are generated quickly and written to a defined location on your network, creating an audit trail to help demonstrate compliance.
The UK plays a prominent role in the global economy and regulators need to ensure that UK companies are not knowingly or unknowingly helping to finance criminal or terrorist activities. Morning Data’s clients are insurers, who are put under the spotlight of some of the most rigorous financial regulations in the world, so it is vital that the insurance software solutions they provide to their clients support their regulatory compliance and provide a financial sanction check.
Are you a Software Vendor or Service Provider looking to incorporate Sanctions Checker as part of your system and offering portfolio?
Northdoor would be happy to collaborate with ambitious, driven partners to offer such a capability. Backed by our wealth of experience, Sanctions Checker is a powerful and effective system for screening organisations and individuals against international financial sanctions lists. Our Sanctions Checker is developed in a way that it can be easily integrated with other systems, increasing your portfolio and revenue streams.
How Sanctions Checker can enhance your product offering:
Developed with integration in mind, Sanctions Checker can be easily utilised to complement other product systems. Alternatively, it can be implemented as an installed application.
So if you are a provider looking for a great opportunity to work with an experienced technology partner on commercialising an innovative offering, please contact us at email@example.com
Sanctions Checker is an effective system that enables organisations to screen clients – both individuals and companies – against international financial sanctions lists on an ongoing basis. Sanctions Checker is unique in its ability to integrate quickly and easily, and boasts an intuitive ‘fuzzy search’ capability across international sanctions watch lists that minimises false -positives saving time and resources spent on searching and verification. Sanction screening has never been easier:
SSP has partnered with Northdoor to integrate the IT security specialist’s Sanctions Checker solution into its software.
At Northdoor, we have 30 years of experience delivering IT solutions to many organisations especially in financial services and professional services. Our Sanctions Checker is a unique and powerful system that enables organisations to screen their clients, whether individuals or companies, against international financial sanctions lists.
Companies currently using our global sanctioning solution include Affirmative Finance, Cheval Bridging Finance, Morning Data, Munich Re, Stenham Group, Windsor Lloyd’s Brokers, and many more.
Our partnership with Northdoor combines their expertise with our flexible and functionally-rich core solutions to deliver help insurance companies conduct their own comprehensive due diligence.Adrian Morgan - Executive Vice President and Head of AdvantageGo at NIIT Technologies
“The success of the project lays firmly with the proactive and collaborative approach by both companies, demonstrating their respective experience and skill within the London Insurance Market”Kirstin Duffield - Managing Director, Morning Data
"We are extremely happy with the programme and service we have been provided."Andrew Bell - Compliance Executive, Sunderland Marine
We have found Sanctions Checker to be a great and powerful tool. It helps us complete all of our searches and provide clear reports for our insurance businesses.Cooper Gay Latin America - Alejandro Hernandex, Chief Risk and Compliance Officer
"We are delighted to have integrated with Northdoor for their sanctions checker service, which is a crucial step in the insurance process to ensure compliance with financial sanctions."Jon Coppin - Head of Client Sales, TGSL Group
From the 31st December, UK firms will have new rules under the 2018 Sanctions & Anti-Money Laundering Act. It also marks the introduction of the UK’s sanction regime. What do companies have to be aware of?
Sanctions violations are on the rise and the fines can be large with a record number of 140 voluntary disclosures of potential sanctions violations related to transactions worth a total of £982 million.
Need an easy-to-use and powerful system that will help you to check your clients against international financial sanctions?
In our latest blog, Richard Jefferies explains more about sanctions in a post-Brexit world and how organisations can overcome these challenges.