Kharon Unveils Pioneering Solution For Sanctioned Securities Risk Management

News provided by

Oct 24, 2023, 08:51 ET

New solution gives the banking and investment management industry the data they need to confidently and efficiently address a key challenge in risk management, pre-trade transaction monitoring, exclusions, and financial crimes compliance.

LOS ANGELES, Oct. 24, 2023 /PRNewswire/ -- Kharon, a global authority on deep dive research and data analytics around entities directly or indirectly under sanctions, today unveiled its innovative new Sanctioned Securities solution. This unique capability merges Kharon's unrivaled sanctions ownership research with ISIN and CUSIP securities identifier information, fund holdings data, geographic revenue data, and reference and corporate action data.

Recognizing the escalating complexities in today's regulatory environment, Kharon's Sanctioned Securities solution provides financial institutions with the most comprehensive, 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 crimes compliance for the financial industry.

"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."

- Howard Mendelsohn, Kharon Chief Client Officer

"Kharon's Sanctioned Securities solution is truly transformative. By synthesizing 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," said Kharon's Chief Client Officer, Howard Mendelsohn. "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."

The Sanctioned Securities solution is available immediately. Interested organizations can contact Kharon for more information or to schedule a demonstration.

Learn more at kharon.com/data/sanctioned-securities.

About Kharon
Kharon helps leading organizations identify a wide range of sanctions and compliance risks, critical to managing financial crimes, supply chain exposure, export controls, investment risk, and more. Combining cutting edge technology and data science with industry-leading research, our solutions provide the critical insights required for a comprehensive view of illicit finance and other commercial threats.

The Kharon leadership team includes former senior officials from the U.S. Government who have leveraged their unique expertise to build risk management solutions that are trusted by the world's top financial institutions, global corporates, and professional services firms.

Media contact:
Joshua Shrager
SVP, Kharon
[email protected]

SOURCE Kharon