The latest technology news in the wealth management sector from around the world.
Dow Jones has introduced Risk & Compliance Financial Instruments, a pre- and post-trade investment due diligence solution. Implementation begins as the task of imposing sanctions and related measures has become more difficult.
The offering combines Dow Jones data with a stock map provided by BIGTXN. Companies can screen their investment universe against more than 50 jurisdictions and entities owned or controlled by sanctioned entities.
Coverage includes sanctions data from 52 jurisdictions worldwide, including major sanctioning authorities; entities owned or controlled by entities sanctioned by the US Office of Foreign Assets Control (OFAC), the EU Commission and the UK US Treasury; over 104 million financial instruments screened against five instrument types identifiers and security coverage across all asset classes including equities, debt, exchange-traded funds (ETFs) and derivatives.
“As the world grapples with economic uncertainty and rising geopolitical tensions, sanctions and investment scrutiny are in focus like never before, and the costs of non-compliance are rising,” said Joel Lange, executive vice president and CEO of Dow Jones Risk &. Research said.
(This publication recently featured an interview with Lange about Dow Jones' compliance work.)
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