This document provides information about an ECRF/CRF conference taking place in Cardiff, UK in 2016. It welcomes attendees to Wales and provides social media links and the conference website for further details using the hashtag #ECRF_CRF.
This document summarizes the digital transformation of the Danish Business Authority (Erhvervsstyrelsen). It discusses how the agency modernized its legacy IT systems and processes to become more digital, customer-centric, and agile. Key changes included consolidating 14 registration systems into one, digitizing customer service, and shifting to an agile development model. As a result, the agency improved customer service through faster processing times and a more user-friendly interface. It also gained internal efficiencies through reduced training times and increased employee flexibility. The transformation was a learning journey that relied on creating trust with partners, empowering employees, and accepting that failures would occur along the way.
This document discusses how access to digital technologies and data can help reduce economic transaction costs and barriers to information, as well as the importance of closing the digital divide. It notes that while the aggregate positive impact of information and communication technologies (ICT) is large, it is unevenly distributed. Over half the world's population does not have access to high-speed internet or any internet access. The largest barriers to digital adoption are often poor business climates and lack of competition. Business registry data that is complete, transparent and accurate is an important building block for a good business environment and economic growth. It can provide information to help governments and market participants. The document examines business registration trends in Serbia following reforms, finding spikes in new firm registration
1) ACRA aims to provide a responsive and trusted regulatory environment for businesses through facilitating ease of doing business and regulating entities.
2) ACRA has digitized business registration through its online BizFile system, allowing 24/7 filing and reducing registration time from 14 days to 15 minutes. This enhanced productivity and reduced costs.
3) ACRA's new BizFile+ system provides a customized dashboard, guided assistant, and mobile access to further improve the customer experience of business registration and services.
This document discusses the challenges of business identity theft in the United States. It provides a brief history of growing cases of business identity theft starting in 2010. In 2011, a National Association of Secretaries of State taskforce was formed to develop strategies to combat this crime. A 2012 white paper from this taskforce outlines recommendations for states to address business identity theft through establishing taskforces, action plans, victim assistance processes, and awareness campaigns. The document highlights North Carolina's efforts to address business identity theft and provides an example case involving over $1 million in losses across multiple states. It concludes by calling for further conversations around related internet, criminal, and international issues.
UNCITRAL is a United Nations commission established in 1966 to harmonize and modernize international trade law. It works to reduce barriers faced by businesses, especially micro, small and medium-sized enterprises (MSMEs), through intergovernmental negotiations to establish legal standards. Its inclusive process involves states, intergovernmental organizations, and non-governmental organizations. UNCITRAL's texts are widely accepted across different legal traditions and levels of economic development. It currently has a working group focused on reducing legal obstacles for MSMEs throughout their lifecycle, including developing legislative guides on simplified business entities and business registration.
The document summarizes the value and use of business register information from an international conference. It discusses how business registers in different regions share and use each other's data, the most popular types of information accessed, and obstacles to accessing information. Country representatives from New Zealand, Norway, and Utah discuss how open access to accurate and up-to-date business register information provides benefits to both businesses and the public. The conclusion emphasizes that information has the most value when it is available, accessible, and reliable.
This document discusses CIPC's regulatory functions and challenges with compliance. CIPC is an autonomous institution that regulates companies in South Africa. Some of its regulatory functions include education, reviewing annual financial statements, and investigating non-compliance. Compliance challenges include directors not ensuring complete financial disclosures and annual returns. Possible solutions proposed are targeted education campaigns and implementing XBRL for automated financial reporting to help identify missing data and non-compliance. The document demonstrates how XBRL taxonomies can be used to calculate a public interest score from annual returns to prevent companies from providing inaccurate information.
The document provides information about the International Association of Commercial Administrators (IACA) annual conference being held in May 2016 in Cardiff, Wales. IACA is a non-profit organization established in 1978 that represents professionals who administer business organization and secured transaction laws. The conference will include sessions on topics like the future of business registries, identity management, health, cybersecurity, and using data to improve processes. It will also provide information on building efficient government, administering trademark law, the Uniform Commercial Code, and potential applications of blockchain technology. Attendees can register on IACA's website by May 14th for lower rates.
This document summarizes the digital transformation of the Danish Business Authority (Erhvervsstyrelsen). It discusses how the agency modernized its legacy IT systems and processes to become more digital, customer-centric, and agile. Key changes included consolidating 14 registration systems into one, digitizing customer service, and shifting to an agile development model. As a result, the agency improved customer service through faster processing times and a more user-friendly interface. It also gained internal efficiencies through reduced training times and increased employee flexibility. The transformation was a learning journey that relied on creating trust with partners, empowering employees, and accepting that failures would occur along the way.
This document discusses how access to digital technologies and data can help reduce economic transaction costs and barriers to information, as well as the importance of closing the digital divide. It notes that while the aggregate positive impact of information and communication technologies (ICT) is large, it is unevenly distributed. Over half the world's population does not have access to high-speed internet or any internet access. The largest barriers to digital adoption are often poor business climates and lack of competition. Business registry data that is complete, transparent and accurate is an important building block for a good business environment and economic growth. It can provide information to help governments and market participants. The document examines business registration trends in Serbia following reforms, finding spikes in new firm registration
1) ACRA aims to provide a responsive and trusted regulatory environment for businesses through facilitating ease of doing business and regulating entities.
2) ACRA has digitized business registration through its online BizFile system, allowing 24/7 filing and reducing registration time from 14 days to 15 minutes. This enhanced productivity and reduced costs.
3) ACRA's new BizFile+ system provides a customized dashboard, guided assistant, and mobile access to further improve the customer experience of business registration and services.
This document discusses the challenges of business identity theft in the United States. It provides a brief history of growing cases of business identity theft starting in 2010. In 2011, a National Association of Secretaries of State taskforce was formed to develop strategies to combat this crime. A 2012 white paper from this taskforce outlines recommendations for states to address business identity theft through establishing taskforces, action plans, victim assistance processes, and awareness campaigns. The document highlights North Carolina's efforts to address business identity theft and provides an example case involving over $1 million in losses across multiple states. It concludes by calling for further conversations around related internet, criminal, and international issues.
UNCITRAL is a United Nations commission established in 1966 to harmonize and modernize international trade law. It works to reduce barriers faced by businesses, especially micro, small and medium-sized enterprises (MSMEs), through intergovernmental negotiations to establish legal standards. Its inclusive process involves states, intergovernmental organizations, and non-governmental organizations. UNCITRAL's texts are widely accepted across different legal traditions and levels of economic development. It currently has a working group focused on reducing legal obstacles for MSMEs throughout their lifecycle, including developing legislative guides on simplified business entities and business registration.
The document summarizes the value and use of business register information from an international conference. It discusses how business registers in different regions share and use each other's data, the most popular types of information accessed, and obstacles to accessing information. Country representatives from New Zealand, Norway, and Utah discuss how open access to accurate and up-to-date business register information provides benefits to both businesses and the public. The conclusion emphasizes that information has the most value when it is available, accessible, and reliable.
This document discusses CIPC's regulatory functions and challenges with compliance. CIPC is an autonomous institution that regulates companies in South Africa. Some of its regulatory functions include education, reviewing annual financial statements, and investigating non-compliance. Compliance challenges include directors not ensuring complete financial disclosures and annual returns. Possible solutions proposed are targeted education campaigns and implementing XBRL for automated financial reporting to help identify missing data and non-compliance. The document demonstrates how XBRL taxonomies can be used to calculate a public interest score from annual returns to prevent companies from providing inaccurate information.
The document provides information about the International Association of Commercial Administrators (IACA) annual conference being held in May 2016 in Cardiff, Wales. IACA is a non-profit organization established in 1978 that represents professionals who administer business organization and secured transaction laws. The conference will include sessions on topics like the future of business registries, identity management, health, cybersecurity, and using data to improve processes. It will also provide information on building efficient government, administering trademark law, the Uniform Commercial Code, and potential applications of blockchain technology. Attendees can register on IACA's website by May 14th for lower rates.
The document discusses business registries and legal reform efforts in several Asian countries aimed at reducing burdens on the private sector to alleviate poverty and grow economic opportunities. It outlines the overall policy objectives of mandating poverty reduction and private sector growth. Specific policy goals include improving the contracting environment, expanding the formal sector, increasing transparency and compliance while reducing transaction costs. The Asian Development Bank has supported these efforts through initiatives establishing business and secured transactions registries in countries like Tonga, Solomon Islands, Samoa, and Vanuatu to help achieve these reforms. Key challenges to legal and registry reforms include making law changes, managing technology adoption, and navigating political economic issues.
1) 360kompany provides a global company intelligence platform and clearing house that allows users to access official government records to verify information about private companies beyond reasonable doubt.
2) They aim to go beyond current directives and embrace APIs to unlock over €65 billion in value by allowing registers to act as docking stations for verified company data.
3) Their vision is a "company graph" that depicts worldwide corporate interconnections and a blockchain covering 100 million+ companies that encapsulates all numbering systems and manages proliferation of identifiers to enable universal search of authoritative company filings.
The document summarizes the key findings of the 2016 International Business Registers Report. It provides an overview of the survey respondents, including representatives from business registration authorities in Sweden, the UK, Canada, Germany, Serbia, and Denmark. The report contents include legal settings, processing times, use of e-services, funding, business dynamics, and use of business register information. Charts show results on topics like registration of beneficial owners, citizens per legal entity, average processing times globally, and information available in bulk from registers. Over 7 million new entities were formed globally in 2015.
This document summarizes the state of beneficial ownership transparency at the European level. The 4th Anti-Money Laundering Directive from the EU requires member states to establish public registers of beneficial ownership information. There is ongoing work to define what constitutes beneficial ownership, ensure the information in registers is accurate and up-to-date, and allow competent authorities and those with a legitimate interest to access the information. International cooperation is also needed. At their last meeting, European finance ministers supported automating the exchange of beneficial ownership data between countries and clarifying registration rules for trusts. Technology solutions can help map complex ownership structures.
The document announces a conference session on the topic of transparency versus privacy, where representatives from Companies House will discuss their country's approach to privacy and transparency within business registers. Attendees will participate in a table exercise to share their different country approaches, the reasons behind them, available public information, missed arguments, potential changes, and user feedback on the current approaches.
The document summarizes the implementation of the Companies Act 2014 in Ireland. It discusses the role of the Companies Registration Office (CRO) and reforms to streamline business registration including mandatory e-filing. Key changes include consolidation of previous acts, conversion of company types, reform of charging procedures to provide legal certainty on priority, and the rollout of digital certification to replace paper filings. Full implementation required extensive internal reorganization and an external communication campaign to educate stakeholders.
1) Uganda Registration Services Bureau is mandated to register businesses and intellectual property, conduct civil registrations like marriages, and collect non-tax revenue.
2) Prior to reforms, business registration in Uganda was unpredictable, lengthy, costly and complex, with no online services or linkages between agencies.
3) Reforms streamlined procedures, created a one-stop shop for registration, implemented online services, and established regional offices. Legal reforms updated company laws and increased the registrar's powers.
This document summarizes Jersey's model for collecting beneficial ownership information centrally for companies and partnerships. It discusses Jersey's long-standing policy of collecting this information, the 2012 FATF standards, and the 4th EU Anti-Money Laundering Directive. It also outlines Jersey's current process for collecting and verifying beneficial ownership data, plans to improve the timeliness of information, and efforts to leverage digital technologies to enable more seamless interaction. The document emphasizes Jersey's commitment to international standards for transparency and combating financial crime.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
e-CODEX is an EU project that focuses on online communication and data exchange. It aims to provide secure identification, electronic signatures, and structured data exchange between EU services. The project promotes transparency by allowing public access to business registers and administrative information. It also considers issues around data protection, privacy, and individuals' right to data portability under EU law. Both costs and control of data transmission are important factors to consider for any e-CODEX system.
Unioncamere operates as the Italian pre-legal entity identifier (pre-LOU) issuer in cooperation with the Global Legal Entity Identifier Foundation (GLEIF) and other LOUs. It has issued over 28,000 LEI codes in its first year of operation and over 8,600 in 2015 with a 70% renewal rate. As the representative of the Italian Chambers of Commerce, Unioncamere is naturally suited to be the Italian LOU given its management of the Italian Business Register, which allows it to perform real-time data checks and ensure accuracy when issuing and maintaining LEI codes.
Making official company data more useful, usable, and relevant by taking that data and structuring, standardizing, categorizing it so it is discoverable, searchable, and browsable. This addresses problems with legacy systems where data is inaccurate, incomplete, and isolated in proprietary formats. The goal is to match every public company data item to the corresponding company for transparency, clarity and to allow the data to be combined with other sources.
This document outlines business registration reforms in Timor-Leste. It discusses the process of registering different types of businesses, including sole proprietorships and limited liability companies. The registration process has been streamlined over time, taking as little as one day. Requirements include identification documents and information about company ownership and address. A certificate and licenses are issued upon approval of the registration. The company law and business registration law are being revised to further simplify the process and allow electronic registration.
The document summarizes ACRA's information services. It provides an overview of the types of corporate data and subscription-based services ACRA offers to businesses, government agencies, and the public. This includes business profiles, financial statements, and customized data packages. It also describes how various government agencies and private organizations utilize ACRA's data for purposes like license applications and authentication. Additionally, the document outlines ACRA's initiatives in providing public and internal data analytics as well as its efforts towards whole of government collaboration and network analysis of company registry data.
The UK has implemented a public register of individuals with significant control (PSCs) over companies in an effort to increase transparency of company ownership and control. The register requires UK companies to record PSCs, defined as individuals who directly or indirectly own over 25% of shares or voting rights, have the right to appoint the majority of directors, or otherwise exercise significant influence over the company. By making the information publicly available, the UK aims to help businesses identify ownership of counterparties, assist developing countries in inquiries without numerous requests, and allow for more accurate oversight as more people can review the data. The government plans to explore extending similar transparency rules to foreign companies owning UK property or bidding on public contracts.
The document discusses the operations of the Companies Office in Cardiff, Wales. It provides statistics on the number of active companies registered (566,000), new companies registered over 12 months (52,000), and companies removed (39,000). It notes that 99% of registrations are electronic and there are 7 million website searches and over 4,000 transactions processed daily. The Companies Office assists 25 countries and is run by 41 staff across 3 regional centers and 21 registers. It also shows a model for compliance with "inspections, prosecution, and removal from register" for those not willing to comply and "targeted advice and guidance, contact centers, information, online registration" to make it easy to comply.
The document discusses plans for national interoperability through company registration in Lebanon. It outlines key needs like simplified registration and standardized forms. Challenges include lack of standardization and data sharing between institutions. The approach focuses on building consensus and staging reforms. Components include developing an interoperability framework, reference architecture, and one stop shop for company registration. Standardization efforts include unique IDs and data exchange standards. The plan aims to gather meaningful company data, reduce costs, and provide accurate registration information to improve business processes.
This document summarizes the objectives and activities of ASORLAC, the Association of Latin American and Caribbean Registrars. ASORLAC aims to boost information exchange on best registry practices, promote regional cooperation to improve registry efficiency, and strengthen the role of registries. It is working on a project to create a Latin American Business Register Portal that would allow free access to standardized company information from different countries in the region. This portal would help overcome cross-border barriers and encourage implementation of best practices. While technological and regulatory challenges remain, the project has received support from IDB as a regional public good. Next steps include expanding membership and publishing an annual best practices compilation.
The document discusses data quality and integrity practices across business registers globally. It shows that most registers use annual reporting to update company information and ensure accuracy. Penalties are also common for failing to submit annual updates. Verification methods vary but user IDs/passwords are popular. Real-time updates are becoming more common. Case studies highlight how New Zealand educates businesses, Norway focuses on clear regulations, and Utah responds to errors but does not actively scrutinize filings. Overall data quality is important for registers and users.
Stuart Morgan from the Integrity Unit at Companies House presented on their efforts to combat fraud and improve compliance. Companies House receives company information but does not regulate, however it has an enforcement role for non-compliance. It works closely with law enforcement, providing bespoke analysis and intelligence on over 140 requests per month related to issues like VAT fraud, pension fraud, and more. Companies House also prosecutes for non-filing and issues penalties to promote compliance, which is over 99% for accounts and annual returns. It further works to improve compliance by matching data with other agencies and taking compliance actions.
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The document discusses business registries and legal reform efforts in several Asian countries aimed at reducing burdens on the private sector to alleviate poverty and grow economic opportunities. It outlines the overall policy objectives of mandating poverty reduction and private sector growth. Specific policy goals include improving the contracting environment, expanding the formal sector, increasing transparency and compliance while reducing transaction costs. The Asian Development Bank has supported these efforts through initiatives establishing business and secured transactions registries in countries like Tonga, Solomon Islands, Samoa, and Vanuatu to help achieve these reforms. Key challenges to legal and registry reforms include making law changes, managing technology adoption, and navigating political economic issues.
1) 360kompany provides a global company intelligence platform and clearing house that allows users to access official government records to verify information about private companies beyond reasonable doubt.
2) They aim to go beyond current directives and embrace APIs to unlock over €65 billion in value by allowing registers to act as docking stations for verified company data.
3) Their vision is a "company graph" that depicts worldwide corporate interconnections and a blockchain covering 100 million+ companies that encapsulates all numbering systems and manages proliferation of identifiers to enable universal search of authoritative company filings.
The document summarizes the key findings of the 2016 International Business Registers Report. It provides an overview of the survey respondents, including representatives from business registration authorities in Sweden, the UK, Canada, Germany, Serbia, and Denmark. The report contents include legal settings, processing times, use of e-services, funding, business dynamics, and use of business register information. Charts show results on topics like registration of beneficial owners, citizens per legal entity, average processing times globally, and information available in bulk from registers. Over 7 million new entities were formed globally in 2015.
This document summarizes the state of beneficial ownership transparency at the European level. The 4th Anti-Money Laundering Directive from the EU requires member states to establish public registers of beneficial ownership information. There is ongoing work to define what constitutes beneficial ownership, ensure the information in registers is accurate and up-to-date, and allow competent authorities and those with a legitimate interest to access the information. International cooperation is also needed. At their last meeting, European finance ministers supported automating the exchange of beneficial ownership data between countries and clarifying registration rules for trusts. Technology solutions can help map complex ownership structures.
The document announces a conference session on the topic of transparency versus privacy, where representatives from Companies House will discuss their country's approach to privacy and transparency within business registers. Attendees will participate in a table exercise to share their different country approaches, the reasons behind them, available public information, missed arguments, potential changes, and user feedback on the current approaches.
The document summarizes the implementation of the Companies Act 2014 in Ireland. It discusses the role of the Companies Registration Office (CRO) and reforms to streamline business registration including mandatory e-filing. Key changes include consolidation of previous acts, conversion of company types, reform of charging procedures to provide legal certainty on priority, and the rollout of digital certification to replace paper filings. Full implementation required extensive internal reorganization and an external communication campaign to educate stakeholders.
1) Uganda Registration Services Bureau is mandated to register businesses and intellectual property, conduct civil registrations like marriages, and collect non-tax revenue.
2) Prior to reforms, business registration in Uganda was unpredictable, lengthy, costly and complex, with no online services or linkages between agencies.
3) Reforms streamlined procedures, created a one-stop shop for registration, implemented online services, and established regional offices. Legal reforms updated company laws and increased the registrar's powers.
This document summarizes Jersey's model for collecting beneficial ownership information centrally for companies and partnerships. It discusses Jersey's long-standing policy of collecting this information, the 2012 FATF standards, and the 4th EU Anti-Money Laundering Directive. It also outlines Jersey's current process for collecting and verifying beneficial ownership data, plans to improve the timeliness of information, and efforts to leverage digital technologies to enable more seamless interaction. The document emphasizes Jersey's commitment to international standards for transparency and combating financial crime.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
e-CODEX is an EU project that focuses on online communication and data exchange. It aims to provide secure identification, electronic signatures, and structured data exchange between EU services. The project promotes transparency by allowing public access to business registers and administrative information. It also considers issues around data protection, privacy, and individuals' right to data portability under EU law. Both costs and control of data transmission are important factors to consider for any e-CODEX system.
Unioncamere operates as the Italian pre-legal entity identifier (pre-LOU) issuer in cooperation with the Global Legal Entity Identifier Foundation (GLEIF) and other LOUs. It has issued over 28,000 LEI codes in its first year of operation and over 8,600 in 2015 with a 70% renewal rate. As the representative of the Italian Chambers of Commerce, Unioncamere is naturally suited to be the Italian LOU given its management of the Italian Business Register, which allows it to perform real-time data checks and ensure accuracy when issuing and maintaining LEI codes.
Making official company data more useful, usable, and relevant by taking that data and structuring, standardizing, categorizing it so it is discoverable, searchable, and browsable. This addresses problems with legacy systems where data is inaccurate, incomplete, and isolated in proprietary formats. The goal is to match every public company data item to the corresponding company for transparency, clarity and to allow the data to be combined with other sources.
This document outlines business registration reforms in Timor-Leste. It discusses the process of registering different types of businesses, including sole proprietorships and limited liability companies. The registration process has been streamlined over time, taking as little as one day. Requirements include identification documents and information about company ownership and address. A certificate and licenses are issued upon approval of the registration. The company law and business registration law are being revised to further simplify the process and allow electronic registration.
The document summarizes ACRA's information services. It provides an overview of the types of corporate data and subscription-based services ACRA offers to businesses, government agencies, and the public. This includes business profiles, financial statements, and customized data packages. It also describes how various government agencies and private organizations utilize ACRA's data for purposes like license applications and authentication. Additionally, the document outlines ACRA's initiatives in providing public and internal data analytics as well as its efforts towards whole of government collaboration and network analysis of company registry data.
The UK has implemented a public register of individuals with significant control (PSCs) over companies in an effort to increase transparency of company ownership and control. The register requires UK companies to record PSCs, defined as individuals who directly or indirectly own over 25% of shares or voting rights, have the right to appoint the majority of directors, or otherwise exercise significant influence over the company. By making the information publicly available, the UK aims to help businesses identify ownership of counterparties, assist developing countries in inquiries without numerous requests, and allow for more accurate oversight as more people can review the data. The government plans to explore extending similar transparency rules to foreign companies owning UK property or bidding on public contracts.
The document discusses the operations of the Companies Office in Cardiff, Wales. It provides statistics on the number of active companies registered (566,000), new companies registered over 12 months (52,000), and companies removed (39,000). It notes that 99% of registrations are electronic and there are 7 million website searches and over 4,000 transactions processed daily. The Companies Office assists 25 countries and is run by 41 staff across 3 regional centers and 21 registers. It also shows a model for compliance with "inspections, prosecution, and removal from register" for those not willing to comply and "targeted advice and guidance, contact centers, information, online registration" to make it easy to comply.
The document discusses plans for national interoperability through company registration in Lebanon. It outlines key needs like simplified registration and standardized forms. Challenges include lack of standardization and data sharing between institutions. The approach focuses on building consensus and staging reforms. Components include developing an interoperability framework, reference architecture, and one stop shop for company registration. Standardization efforts include unique IDs and data exchange standards. The plan aims to gather meaningful company data, reduce costs, and provide accurate registration information to improve business processes.
This document summarizes the objectives and activities of ASORLAC, the Association of Latin American and Caribbean Registrars. ASORLAC aims to boost information exchange on best registry practices, promote regional cooperation to improve registry efficiency, and strengthen the role of registries. It is working on a project to create a Latin American Business Register Portal that would allow free access to standardized company information from different countries in the region. This portal would help overcome cross-border barriers and encourage implementation of best practices. While technological and regulatory challenges remain, the project has received support from IDB as a regional public good. Next steps include expanding membership and publishing an annual best practices compilation.
The document discusses data quality and integrity practices across business registers globally. It shows that most registers use annual reporting to update company information and ensure accuracy. Penalties are also common for failing to submit annual updates. Verification methods vary but user IDs/passwords are popular. Real-time updates are becoming more common. Case studies highlight how New Zealand educates businesses, Norway focuses on clear regulations, and Utah responds to errors but does not actively scrutinize filings. Overall data quality is important for registers and users.
Stuart Morgan from the Integrity Unit at Companies House presented on their efforts to combat fraud and improve compliance. Companies House receives company information but does not regulate, however it has an enforcement role for non-compliance. It works closely with law enforcement, providing bespoke analysis and intelligence on over 140 requests per month related to issues like VAT fraud, pension fraud, and more. Companies House also prosecutes for non-filing and issues penalties to promote compliance, which is over 99% for accounts and annual returns. It further works to improve compliance by matching data with other agencies and taking compliance actions.
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
Slovenia - AJPES Digitisation a more transparent non possessory lien rights r...Corporate Registers Forum
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The document describes ACRA's Seamless Filing project which streamlines the process for Singapore companies to file statutory returns. It reduces preparation time from 9 hours to 35 minutes. Accounting software generates draft filings which companies can review and submit through a single authentication to both ACRA and IRAS. This promotes ease of transaction with government agencies and data quality by standardizing required data fields.
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The document provides an overview of Belgium's state of play regarding the transposition of the EU's Fifth Anti-Money Laundering Directive into national law and the development of an IT system to support the resulting central register of beneficial ownership information. Key milestones are noted, such as the March 2018 transposition of the Directive and development of the IT system from July 2016 to September 2017. Considerations around public access to register information are discussed in relation to data privacy laws. The roles and actions/resources supported by the new system are outlined.
This document discusses cross-border registry interoperability between countries. It covers the legal and technological challenges of interconnecting registries, lessons learned from initiatives in the European Union and federal countries, and the potential next step of mutual recognition of documents between jurisdictions. The conclusions are that fully implementing the proposed changes to the EU company law directive within two years will be difficult given current maturity levels. Efforts are needed to reconcile conflicts between the GDPR and Company Law Directive. Regional initiatives for interconnection may be more effective than global efforts due to economic incentives and similarity in legislation.
The document summarizes a panel discussion on the challenges of modern registry management. The panelists discussed key drivers of registry transformation like user demands, budget pressures, and outdated technology. Impediments included competing priorities, insufficient funding, and a lack of digital skills. The panel agreed that for a registry transformation to succeed it must have a clear strategy, focus on users, foster innovation, source needed skills, and thoughtfully implement new technology. They also noted employees increasingly require skills like agility, flexibility, customer service, resourcefulness, and technological savviness.
The document discusses modernizing commercial registers to meet current regulatory and industry needs. It suggests that registers need to move from siloed, cost center systems to open platforms designed for an API economy. A balanced public-private partnership approach is required to develop registers as a digital and economic infrastructure that meets service level requirements while including GDPR compliance and enabling automated, cross-border access to structured, auditable data.
The document summarizes the journey an organization took to improve its use and management of data. It faced issues like delays, miscommunication, and lack of transparency with customers. To address this, it conducted assessments, created a data inventory and privacy framework, improved data quality processes, established governance, and developed a process for turning ideas into actionable insights. Customers now say the new request form is more intuitive, the data concierge provides transparency, and they have access to more useful data and reports.
1) The document discusses ACRA's journey in developing data services, including its data strategy and the development of its API mall.
2) ACRA's data strategy aims to transform it into a data-driven organization and aligns with Singapore's Digital Government Blueprint to promote open data sharing and seamless digital services.
3) ACRA launched its API mall in December 2018, which currently offers 29 API services that provide business and financial information to customers to help with tasks like know-your-customer checks, credit risk assessments, and service digitalization.
A presentation on the role of data and users in the experience of the Labuan International Business Finance Centre. In particular the registry application.
We capture a wide variety of data from various sources, treat it to add value by standardizing, linking, and cleaning the data, and deliver customized data solutions and products to organizations. Our global presence and considerable investments in data allow us to offer detailed solutions. We are a resource for entity data and have become part of Moody's Analytics through their acquisition of Bureau van Dijk in 2017.
This document provides an overview of business registers from a European perspective. It discusses the history of business registers, current European regulations governing them, and the technical capabilities of ISC's RegSys registry platform. The presentation looks at future trends, including greater data integration and an emphasis on beneficial ownership. It predicts more regulation, cloud-based registers, and the increasing role of artificial intelligence. ISC is developing its SaaS and domain expertise, exploring blockchain applications, and partnering with others to advance registry technologies.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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