BigTXN Launches Marijuana Related Securities Data Service
London, United Kingdom – 29 March 2023
BigTXN launches marijuana related securities data service
Managing investment risk in overseas marijuana related businesses remains a legally complex and operationally challenging area.
The marijuana related securities data service from UK-headquartered data provider BigTXN identifies and continuously monitors financial instruments linked to marijuana related entities, allowing end-users to apply the appropriate level of due diligence based on their risk appetite.
Haider Mannan, Founder and CEO of BigTXN comments: “We are simplifying the challenge of tracking securities which may expose investors to legal risk. For example, in the United Kingdom under FCA rules, investment proceeds from recreational cannabis companies are deemed to be proceeds of crime under the Proceeds of Crimes Act (PoCA)."
Investment firms can use the service to comply with pre- and post-trade requirements, screen their investment universe and keep their investment and trade restriction lists up-to-date.
The service is updated daily and covers multiple jurisdictions, subscribers can receive data via API or file-based deliveries.
About BigTXN
BigTXN delivers data that matters. We enable investment screening and monitoring solutions for financial institutions to meet compliance and investment decision requirements with the highest quality of data, transparency and trust. Through our solutions we provide datasets for investment compliance and risk intelligence.
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