Earlier this week, the UK Parliament's Joint Committee on the Draft Registration of Overseas Entities Bill published its recommendations on the bill, and we're pleased to say they've explicitly accepted a lot of our recommendations (as well as ones we made in common with anti-corruption NGOs such as Global Witness).
As global corporate organisations grow ever more complex and automation increasingly influences how business relationships evolve, the need for universally accessible non-proprietary data on corporate legal entities becomes more acute.
To coincide with our launch of OpenCorporates' new White Paper, The White Box Revolution – on how Black Box Data is being replaced with transparent, well-defined data with open IDs…
For the past 50 years, companies, regulators, investigators and journalists have mostly used ‘Black Box’ data - data that is opaque, not well defined, uses proprietary identifiers, and has poor data quality feedback loops. But continued reliance on this data could put a firm out of business within five years, according to a new report by OpenCorporates.