Kharon has unveiled its new Sanctioned Securities solution. This merges Kharon’s sanctions ownership research with ISIN and CUSIP securities identifier information, fund holdings data, geographic revenue data and reference and corporate action data.
Kharon is hopeful that the new solution will give the banking and investment management industry the data it needs to confidently and efficiently address a key challenge in risk management, pre-trade transaction monitoring, exclusions and financial crimes compliance.
Kharon helps organisations identify a wide range of sanctions and compliance risks, critical to managing financial crimes, supply chain exposure, export controls, investment risk and more. In 2020, Barclays made an investment in the company, one that look to begin paying off with the unveiling of this new solution.
“The banking and investment management industry requires the highest quality data and analytic tools”
Recognising the escalating complexities in today’s regulatory environment, Kharon’s Sanctioned Securities solution provides financial institutions with detailed, verifiable and up-to-date data on securities that may be directly or indirectly subject to sanctions. This benchmark-setting solution elevates the effectiveness of sanctions, pre-trade transaction monitoring, exclusions and financial crime compliance for the financial industry.
Kharon’s Chief Client Officer, Howard Mendelsohn, spoke of the importance of this new product for the banking industry. He said: “The banking and investment management industry requires the highest quality data and analytic tools that enable robust compliance, precise risk management, and well-informed decision-making. Kharon is proud to finally meet this need, working in collaboration with our partners in financial crimes compliance.”
“Kharon’s Sanctioned Securities solution is truly transformative. By synthesising Kharon’s sanctions expertise, ISIN and CUSIP securities identifier information, fund holdings data, geographic revenue data, and reference and corporate action data, we empower our clients with a clear, up-to-date, and comprehensive view of their possible exposure to sanctioned securities. For the first time, the banking and investment management industry has a tool that enables robust compliance, precise risk management, and well-informed decision-making for sanctioned securities.”
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