London, United Kingdom— BIGTXN, the UK-headquartered compliance and financial data provider, has unveiled the industry’s first-ever in-depth guide to sanctioned securities and best practices. The handbook, “Navigating Compliance: Guide to Sanctioned Securities,” has been authored by Jeff Teahan, who is a sanctions product specialist at BIGTXN, in collaboration with industry giants Dow Jones Risk & Compliance, Baker McKenzie, and the Association of Certified Sanctions Specialists (ACSS).
The handbook equips compliance professionals across the financial services industry with essential tools for navigating the complex global sanctions landscape. BIGTXN has leveraged its expertise and collaboration with industry leaders, to demystify financial sanctions, empowering practitioners to proactively mitigate risks and ensure compliance. Supported by a survey of compliance professionals and industry insights, the handbook provides immediate practical value for sanctions and compliance practitioners.
“We are thrilled to present the ‘Navigating Compliance’ handbook, a trailblazing initiative that addresses a critical knowledge gap in the financial services industry,” said Haider Mannan, CEO of BIGTXN. “This guide, unparalleled in its scope, is a testament to our commitment to providing cutting-edge resources for compliance professionals.”
Key highlights of the handbook include:
- Unprecedented detail: The handbook is the first of its kind, providing financial services professionals with an unparalleled understanding of sanctioned securities and offering practical insights to ensure compliance.
- Expert collaboration: Crafted in collaboration with industry leaders Dow Jones Risk & Compliance, Baker McKenzie, and ACSS, the handbook brings together the collective expertise of renowned organizations to deliver a complete picture.
- Best practice guide: Backed by real-world case studies and data, the handbook goes beyond theoretical concepts, providing practitioners with actionable insights and a best practice guide to navigate the dynamic sanctions landscape.
- Made by experts for experts: Tailored for compliance professionals in investment banks, hedge funds, asset managers, and related sectors, the handbook addresses the specific challenges faced by financial institutions in ensuring regulatory compliance.
As financial institutions grapple with increasing reporting obligations and a lack of clear guidance, “Navigating Compliance: Guide to Sanctioned Securities” emerges as a beacon of clarity and a crucial resource for professionals seeking to stay ahead in the rapidly changing sanctions landscape.
Michael Heller, Head of Financial Crime Proposition, Dow Jones Risk & Compliance said:
“Dow Jones Risk & Compliance exists to help compliance professionals to mitigate the challenges associated with sanctions compliance data, especially in regards to volume and complexity. We are delighted to partner with BIGTXN on this handbook to drive further progress in understanding and addressing these challenges in the context of financial instruments.”
Sven Bates, Counsel for International Trade, Baker McKenzie said:
“As the breadth and complexity of sanctions continues to expand with speed across multiple jurisdictions, there is a growing need for sharing of knowledge and learnings across multiple communities. This handbook provides users with a range of insights into the implementation and application of sanctions in practical contexts to help develop awareness and contribute to industry best practices.”
Anna Sayre, Programs Director, ACSS said:
“We are pleased to support this initiative, which strives to be a practical, easy-to-use resource for sanctions professionals worldwide. It is our hope that the book will serve to drive standards of best practice across the industry and make the important work of the sanctions community that much simpler.”
A copy of the handbook can be downloaded here: https://bit.ly/sanctions-sec-handbook
For further information, please contact:
FAO: Press Office – hello@bigtxn.com
+44 20 8123 9050 / +1 321 766 6777
About BIGTXN
BIGTXN delivers the world’s leading securities data solutions to financial services firms allowing them to stay compliant with sanctions. We employ cutting-edge technologies to seamlessly connect disparate datasets to create the most comprehensive securities data. Investors can now navigate the financial landscape with confidence, gaining a crystal-clear understanding of the products and assets they are investing in. BIGTXN is actively transforming the securities landscape, giving you the power to know like never before.
