Author: BigTXN – bigtxn.com
London, United Kingdom – 21 November 2022
BigTXN launches global sanctions monitoring data service
With increased geopolitical risks and an unprecedented volume of new sanctions implemented this year, precise identification and monitoring of sanctions risk has never been more critical.
The Global Sanctions Monitoring (‘GSM’) service from UK-headquartered data provider BigTXN identifies explicitly-stated sanctions, but also implicitly-sanctioned entities and their linked instruments. Investment firms can use the service to comply with pre- and post-trade sanctions requirements, screen their investment universe and keep their investment and trade restriction lists up-to-date.
GSM from BigTXN brings together a vast amount of regulatory and securities data with a proprietary algorithm and advanced machine learning. The service performs a comprehensive look-through of ownership structures to identify tainted entities and generate the daily master file of issuers and instruments required by market participants to avoid penalties for compliance breaches.
Haider Mannan, Founder and CEO of BigTXN comments: “As regulators around the world designate more entities in response to Russia’s invasion of Ukraine, the risk of a misidentified entity or financial instrument can result in millions of dollars of penalties, or investment losses. For investment firms who lack the technical and legal expertise this is a compliance nightmare.”
In addition to delivery via flat file and API access, BigTXN are releasing an accompanying light-touch web portfolio screening module, which allows firms to upload a list of instruments to be checked with a report generated automatically.
BigTXN delivers data that matters. We enable investment screening and monitoring solutions for financial institutions to meet compliance and investment decision requirements with the highest quality of data, transparency and trust. Through our solutions we provide datasets for investment and risk intelligence which drive responsible and sustainable investing.
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