About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ICE Launches Global Sanctions Monitoring Service

Subscribe to our newsletter

Intercontinental Exchange (ICE) has launched a sanctions monitoring service to help financial institutions comply with the increasingly complex landscape of global sanctions. The new service leverages ICE’s extensive data offering, cross-referencing and linkage capabilities to identify securities, entities and groups targeted by sanctions programmes.

ICE’s sanctions data covers financial and economic restrictive measures against entities sanctioned by the EU’s Common Foreign and Security Policy (CFSP), the US’s Office of Foreign Assets Control (OFAC), the United Nations Security Council (UNSC) and other sanctioning authorities.

ICE’s sanctions data set delivers key information to clients to respond quickly to international events leading to restrictive measures. It provides the linkages between entities within a group and the securities issued by those entities, which can help facilitate increased automation of compliance program processes.

The service provides seamless linkage to other data sets on top of the core sanction information, leveraging a common data model and market standard identifiers. Beyond highlighting exposure to security issuing entities, the service also maps to targeted entities serving as the guarantor or obligor of an instrument.

According to Mark Heckert, Chief Product Officer at ICE Fixed Income and Data Services, “By leveraging our extensive coverage of securities, we’re able to provide an easy-to-use solution to help customers achieve compliance with existing programs and avoid fines or negative exposures to restricted entities.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

CGS Focuses on Hard-Won Privates Expertise Amid Buzz of Startups

CUSIP Global Services is leveraging its history of servicing syndicated loans, asset-backed securities, options, derivatives and other complex asset classes as it expands into the growing private credit and alternatives space. The Norwalk, Connecticut-headquartered provider of issuer and asset identifiers is working closely with financial digital platform FactSet, the Loan Syndication and Trading Association (LSTA)...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.