This summer, the UK Department for Business, Energy and Industrial Strategy (BEIS) authored a draft bill to create a register of beneficial owners for overseas entities that own land in the UK. As part of our work advocating for more open company data, OpenCorporates responded to the public consultation on the draft legislation. A brief summary, and our full response, is available below.
Background: OpenCorporates has come a long way in the past 6 years, and is increasingly core infrastructure for the corporate world, not to mention an essential tool for journalists, investigators, NGOs and governments. It’s time to ensure that its corporate structure reflects and safeguards that position, ensuring it will always act in the public interest, … Continue reading A corporate structure for the public good, Part 2: basic structure
This is the second of our behind-the-scenes series of data-focused blog posts intended to help explain what happens when we introduce a new company jurisdiction to OpenCorporates. In the previous blog post we discussed how we find new sources of company data & choose the most appropriate one. In this, Part 2, we’re covering Analysis … Continue reading From company register to standardized open data, our processes explained – Part 2: Analysis
As Becky Hogge notes in her important report on the impact of open data, tracking impact is tricky. By its nature, open data is resistant to traditional impact reporting; in part because we don't know exactly how it is being used, and in part because the value chain is so diffuse. So, Hogge argues, outside of sweeping statements about potential, at this stage impact is largely indicated by “fragments” of stories from the ground.
TL;DR OpenCorporates has come a long way in the past 6 years, and is increasingly core infrastructure for the corporate world, not to mention an essential tool for journalists, investigators, NGOs and governments. It’s time to ensure that its corporate structure reflects and safeguards that position, ensuring it will always act in the public … Continue reading A corporate structure for the public benefit and the long term
‘Verification’ is frequently said to be a critical step in generating high-quality beneficial ownership information. What’s less clear is what is actually meant by verification, and what are the key factors in the process. In fact, verification is not one step, but three.
There has been compelling evidence that UK's property market is being used as a harbour for dirty money. Here are some of the reports which have investigated this issue: Mystery on Baker Street by Global Witness Faulty Towers by Transparency International UK London Property: A top destination for money launderers by Transparency International UK and Thomson … Continue reading Consultation response: UK Overseas Entity Property Register