6/24/2023 0 Comments Orbis company data![]() ![]() This paper describes the development of a firm-level global panel dataset for public and private companies based on the administrative microdataset ORBIS, provided commercially by Bureau van Dijk Electronic Publishing (BvD). As a result, Orbis turns risk assessment into a series of simple steps and reduces the pain and workload of assessing your third parties.Firm-level data on productivity, financial activity and firms' international linkages have become essential for research in the fields of macro, international finance and growth. Bureau van Dijk identifies and integrates new, reliable information sources and standardizes data to make it more comparable and useful. The interface helps users search efficiently and interpret data quickly with dashboards that give a clear, intuitive view into ownership information. With hundreds of search criteria, you can find companies fulfilling very precise profiles using Orbis. Having a clear view of ownership helps you to comply with sanctions lists, anti-money laundering legislation and to perform the other crucial due diligence checks that are intrinsic to global business. What makes Orbis such a useful compliance tool? Orbis identified 1,300 companies that became sanctioned by extension through their ownership chain to these new SDNs, and 90% of these companies were registered outside of the US. It shows how a US-registered company is connected to one of 12 "Specially Designated Nationals" (SDNs) from Russia that were added to OFAC's SDN list in April 2018. To the right is a real example from Orbis, also demonstrated in our video on sanctions screening. Orbis can help identify sanctioned-by-extension entities and understand how they relate to one another through chains of ownership. These companies do not appear on any sanctions list-but you could still be fined for trading with them. How do you know if an entity is sanctioned by extension?Īs a result, all companies in the chain are sanctioned by extension. Orbis can even show indirect links from companies to sanctioned and "sanctioned-by-extension" entities. You can review their corporate group as a whole and check it for adverse news as well as PEPs and sanctions. Its corporate trees reveal the ownership of your potential and existing business partners and third-party associates, including the beneficial owners. ![]() Orbis is the resource for corporate ownership structures and beneficial ownership information. You can find these and other compliance terms in our A-Z guide of compliance and ownership terms. We have provided some clarity in our poster on ownership structures.Īccording to the Office of Foreign Assets Control's (OFAC’s) "50% rule", a company is sanctioned by extension if owned by a sanctioned company or individual through a chain of ownership of 50% or more. But how do you identify companies who are sanctioned because they are remotely linked to sanctioned companies or individuals? Beneficial ownership, which refers to the person or persons who ultimately own or control an asset (such as a property or a company) and benefit from it, can also make understanding a company more difficult. Identifying companies who are sanctioned is one challenge. It's the world’s most powerful comparable data resource on private companies with extensive corporate ownership structures, beneficial owners, politically exposed persons (PEPs) and sanctions information, making it much easier to really know who you're doing business with. With information on around 300 million companies in all countries, Bureau van Dijk's Orbis database plays a key role in know-your-customer (KYC) and know-your-supplier (KYS) due diligence. Access to the richest, most reliable private company information on the market can help you identify potential regulatory and reputational risks before they can impact your business. When considering new partnerships, onboarding customers and suppliers, or entering a new market, more certainty is always welcome. ![]()
0 Comments
Leave a Reply. |