OpenCorporates

We’ve revived our French company data 🇫🇷 With this data back in action, we’re empowering anyone who needs accurate information to make informed decisions and drive positive change. Curious about how we did it? Read the full story here 👉 https://lnkd.in/e_T_6JNw #OpenData #CompanyData

🔔 LAST CALL 🔔 Register for today’s webinar on US branch data and learn how to transform your compliance and business strategy. Time: 4pm GMT Duration: 1 Hour Secure your spot now 👇 #BranchData #ForeignLLC

Gain a deeper understanding of how US branch data can help you make better business decisions. 🗓️ November 14, 2024 🕓 4 pm GMT Whether you're in #Compliance, #RiskManagement, or #BusinessIntelligence, this webinar will provide actionable insights to enhance your work. Link in the comments below 👇

Here’s what you’ll learn 👇 How to spot key trends like geographic expansion, industry growth, & corporate restructuring. Some real-world applications for compliance, risk monitoring, & business intelligence. A live demo on how OpenCorporates can uncover game-changing insights for your team. Register now and secure your spot 👉 https://lnkd.in/eDABSC9s #webinar #businessintelligence #compliance #riskmanagement #USbranchdata 

Looking forward to attending #CREtechNewYork2024 on behalf of OpenCorporates, the premier event for innovation and technology in the real estate sector. Happening on Nov 13-14 during #NYCRealEstateTechWeek. I’m particularly excited to explore the discussions on AI, data-driven insights, and digital transformation, which are reshaping the future of the industry. If you're also attending and looking to connect, I’d love to meet up and exchange ideas!   #CREtech #CREtechNewYork2024 #NYCRealEstateTechWeek #RealEstateTech #RealEstateInnovation #Proptech #Opencorporates

Gain a deeper understanding of how US branch data can help you make better business decisions 🚀 With OpenCorporates Founder Chris Taggart, VP of Data Nick Wright, and CRO Jennifer Miller. Register now 👉 https://lnkd.in/eDABSC9s #webinar #USBranchData #DataInsights

Companies House recently released their transition plan for the Economic Crime and Corporate Transparency Act. We turned it into a visual timeline so our team could get ahead of the changes before they arrive. Feel free to take it if you think it might be useful. #UKCorporateTransparencyAct

#CRFQatar2024 is almost here! The Corporate Registers Forum is all about helping registry professionals share ideas, and OpenCorporates Founder, Chris Taggart, will be doing just that. Alongside the Global Legal Entity Identifier Foundation (GLEIF)’s Ricco Dun, their panel discussion will be about the role of legal entity identifiers 🔥 Register now 👉 https://lnkd.in/dkViVXvV

Whether you're in compliance, risk management, or anything that involves a deep understanding of a legal entity's structure, you don’t want to miss our upcoming webinar on unlocking insights with US branch data 🇺🇸 🔓 With speakers Chris Taggart (Founder) - Nick Wright (VP Data) - and Jennifer Miller (CRO) of OpenCorporates. 📅 Date: November 14, 2024 ⏰ Time: 4pm GMT (1 hour) Register now 👉 https://lnkd.in/eDABSC9s #webinar #USbranchdata #compliance #RiskManagement #BI

Yesterday, Companies House published their first strategic intelligence assessment, and if we’re being honest, we were rather blown away by it. OpenCorporates Founder Chris Taggart has put out a full response 👉 https://lnkd.in/eydVKGMq Here are some of his observations: 👉 Five years ago, OpenCorporates wrote an article called Fireflies and Algorithms, that warned of a future where company formation was done programmatically, and at scale. That future is clearly now here, based on some of the cases in the report (e.g. "Eleven thousand limited companies were incorporated and VAT-registered to a residential flat"). 👉 As we wrote a couple of days ago, the current penalties issued by company registers are meaningless in such cases – at best treated by criminals as a cost of doing business, and more likely unenforceable, given the perpetrators are either unidentifiable, or in jurisdictions out of the reach of the authorities in the country affected. Most of the cases identified are successful criminal schemes, as the sanction was closing the company, not recovery of the money nor imprisonment of the criminals. 👉 Criminals are rational actors, and should be treated as such. If someone is incorporating thousands of legal entities, it's not for the LOLs. If you haven't found the fraud, it's because it's too sophisticated, or involving different jurisdictions or domains. 👉 Many of the schemes will be cross-border, but there is no real recognition of this. If the legal entities are created and controlled by legal entities in other jurisdictions, there seems little likelihood of Companies House identifying this, and the UK is in fact an enabler of many such schemes through the opacity of the Overseas Territories such as Cayman Islands and British Virgin Islands. 👉 The consequences for societies are real, and serious. There's real money at stake here, and real lives destroyed, and often it's the governments being defrauded, either from tax fraud schemes or grants and loans, both of which are cited in the report. And lest you think this is a UK problem, in April, the GAO estimated that between $230 billion and $530 billion *a year* was paid out by the Federal Government in fraud and wrongful payments. Much of this would have used legal entities as the vehicles for the fraud. 👉 The 'enablers' who facilitate this activity need to be a focus for the authorities, with jail time for those who profit from it. 👉 A week or so ago, Companies House laid out a timeline for implementing the Economic Crime & Corporate Transparency Act. They need to see if that can be accelerated in light of this report. 👉 We now live in a generative AI world. This needs to inform Companies House in its work and processes. It will make identity verification harder, and programmatic formation easier. #CompaniesHouse #FinancialCrime #Fraud #AI