SSMS Funds Module for Sanctions Compliance

This document is a technical report detailing the SSMS Funds module, which is designed to assist financial institutions in identifying investment funds and Exchange Traded Funds (ETFs) that contain securities linked to sanctioned entities. It outlines the challenges faced in sanctions compliance, particularly the difficulty in accurately identifying in-scope entities and their securities. The report explains how the SSMS Funds module captures data on traditional investment funds and ETFs, scanning for sanctioned components and providing a human-readable output of affected funds. It highlights the risks associated with trading funds that may include sanctioned securities, such as potential financial penalties and investment freezes. The module offers features such as identification of tainted funds, weightings of sanctioned components, and compliance with sectoral sanctions. It also includes extensive datasets covering over 12,500 ETFs and more than 120,000 traditional investment funds, ensuring comprehensive monitoring and reporting capabilities for clients.