The pace, complexity, scope and automation of the corporate world is increasing fast, and is exposing a growing gap in today’s company data between what is provided and what is required. OpenCorporates’ Legal-Entity Data Principles aim to redress this. Legal entities are the atomic elements behind the entire business world – and increasingly every other … Continue reading A matter of trust: legal-entity data needs principles
We’re excited to announce a partnership with Microsoft ACTS (Advanced Cloud Transparency Services) Microsoft’s ACTS initiative helps governments mobilize data to accelerate and enhance transparency. Since launching in 2020, they’ve been working through partners to show governments how new innovations in digital technology—like real-time analytics, AI, and machine learning—can help promote democracy and increase citizen … Continue reading Microsoft and OpenCorporates partner to enable global business transparency
Thursday 23 February 2023 3pm UK | 10am New York Watch the webinar now > Analysing the typologies of interconnected companies can reveal greater insights about your third parties than traditional risk management approaches. But how do you get the full picture? And how do you pick shell companies or high-risk agents and Trust and … Continue reading [Webinar] Uncovering risk hidden in plain sight: The power of knowledge graphs applied to corporate structures
With countries like the UK and the US having anti-bribery laws and generally strong governance standards – some think that corruption is a problem for ‘somewhere else’. That’s also because corruption is hidden behind a veil of corporate opacity, often through legal entities acting as getaway vehicles instead of legitimate businesses. But just how widespread … Continue reading [Podcast] Partners in Crime: Behind the investigation into the abuse of LLPs by Transparency International UK
The Economic Crime and Corporate Transparency Bill holds the promise to reduce the abuse of UK companies for illicit purposes such as financial crime. The bill is currently making its way through the UK Parliament, and we were pleased to contribute to the House of Commons Public Bill Committee which scrutinises the legislation, with our … Continue reading Economic Crime Bill: 9 Recommendations from OpenCorporates
What’s one thing that some of the most high-profile financial crime schemes have in common? The answer: UK companies. The Azerbaijani Laundromat? UK companies. The Troika Laundromat? UK companies. You get the idea – and financial crime compliance professionals won’t be surprised by this. The latest in this consistent trend comes via research from Transparency … Continue reading Transparency International UK uses OpenCorporates data to expose abuse of UK LLPs
What does true transparency mean in today's complex, connected and data-driven world? To us, it means the ability to: Access the resource you needFind the records you needUnderstand the recordsCompare the records to each otherJoin the records to other records – to make sense of them This is true transparency, and it's the transparency that … Continue reading Functional opacity in company data: What it is & why it matters
We are making OpenCorporates a great place to work so that we can bring about our vision of becoming the world’s foundational and definitive source of company data. But you’re reading this because you want to know: ‘what’s in it for me?’ In this blog post, we are excited to set out OpenRewards – our … Continue reading Working at OpenCorporates: What’s in it for you?
Good news for users of the open data ecosystem! OpenSanctions, the open database of sanctions targets and persons of interest, has started mapping sanctioned entities in its database back to company records in OpenCorporates – so their users can explore more detail about sanctioned companies. Everyone can use the OpenCorporates URL to view the related … Continue reading OpenCorporates identifiers now in OpenSanctions: A win for the open data ecosystem
By Chris Taggart, Founder & Chief Strategy Officer, OpenCorporates Recently, the European Commission finally published the draft implementing act for the Open Data Directive. We looked at it, and looked at it again… and said: is that all there is? To remind everyone, this was the directive that promised to make available as open data … Continue reading Open Data Directive: You gotta be kidding me!
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