Covers programs overseen by CFSP, OFAC and UNSC, among others.
Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of a sanctions service to help facilitate institutional compliance with a complex and dynamic landscape of global sanctions, including programs administered by the United Nations, European Union, U.S. and others. This new service leverages ICE’s extensive data offering, cross-referencing and linkage capabilities to identify securities, entities and groups targeted by sanctions programs.
Sanctions can target governments, companies or individuals and, for most sanction programs, consist of asset freezes, economic and financial measures and embargoes. ICE’s sanctions data covers financial and economic restrictive measures against entities sanctioned by the Common Foreign and Security Policy (CFSP) in the European Union, the Office of Foreign Assets Control (OFAC) in the U.S., the United Nations Security Council (UNSC) for the United Nations and other sanctioning authorities.
“Understanding and monitoring sanctions programs can be a complex, time-consuming process,” said 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.”
This 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.
For more information about ICE’s sanctions data, please visit https://www.ice.com/fixed-income-data-services/data-and-analytics/reference-data#sanctions.
