FundApps, a regulatory compliance SaaS provider serving the investment management industry, has launched a new global Sanctions Screening Service to help firms stay ahead of mounting compliance demands.
The company introduced the product in response to the growing frequency of sanctions updates across multiple jurisdictions. Regulators now update lists several times a week, increasing the likelihood of investment managers inadvertently holding or trading restricted securities. A single oversight can lead to fines, asset freezes, and reputational damage.
FundApps, founded in 2010 and headquartered in London, offers cloud-based compliance monitoring and reporting solutions for financial institutions worldwide. Its services are used by asset managers, hedge funds, and pension funds to ensure adherence to complex regulatory regimes.
The new Sanctions Screening Service enables firms to check their investment universe against sanctioned entities and related securities, with precision matching via International Securities Identification Numbers (ISINs). The service spans all major regimes, including OFAC in the US, the EU, the UK’s OFSI, the UN, and others, giving clients one consistent global compliance view.
Additional features include ongoing daily oversight, pre-trade checks, and seamless activation for existing clients without additional data requirements. The system is fuelled by data from BIGTXN, which maintains coverage across 11 regimes and identifies more than 50,000 sanctions-exposed securities across asset classes, including ETFs.
FundApps emphasised that this solution comes at a time when sanctions are a central tool in geopolitical conflict. The EU’s 18th sanctions package against Russia was cited as an example of the increasing scrutiny, with regulators issuing record fines and custodians freezing assets linked to sanctioned entities, creating liquidity challenges for funds.
The launch builds on FundApps’s wider compliance suite, which already covers areas such as shareholding disclosure, sensitive industries, and regulatory reporting, further cementing its role as a comprehensive compliance platform for investment managers.
FundApps founder and CEO Andrew Patrick White said, “Sanctions monitoring is no longer a niche compliance function – it’s a critical requirement for every investment manager. Our new service integrates seamlessly into daily workflows, delivering global oversight without adding operational burden. It’s the kind of proactive compliance our clients expect in an environment where missing securities issued by sanctioned entities can have million-dollar consequences.”
BIGTXN founder and CEO Haider Mannan said, “We are excited to partner with FundApps on this major integration. In today’s fast-changing sanctions landscape, accuracy comes from depth of legal knowledge, not just data. The Sanctioned Instrument Masterfile from BIGTXN and algorithm capture the nuanced legal analysis needed to determine which securities are truly in scope, and FundApps’ new service delivers that insight straight to its clients – turning uncertainty into defensible, audit-ready outcomes.”
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