Data provided by Bureau van Dijk’s Orbis database has been cited in an EU-funded report published by research centre Transcrime, which examines the risk of organised crime infiltration in legitimate business across Europe.
The report, Mapping the risk of serious and organised crime infiltration in Europe, analyses European companies, by looking at financial secrecy, ownership links with secrecy jurisdictions, and complexity of ownership structures.
Data from Orbis was used to:
- estimate the volume of foreign shareholders across different European countries
- calculate the complexity of business ownership in EU companies
- calculate the beneficial ownership distance, which represents the number of steps that separate a company from its beneficial owners
“Using BvD data, information on companies in 44 European countries was collected. Information on 12.5 million limited companies and about 20 million beneficial owners was retrieved and analysed,” said Antonio Bosisio, Università Cattholica del Sacro Cuore – Transcrime and co-author of the report.
“Opacity of corporate structures is a key vulnerability for SOC infiltration in the legal economy.”
The full report can be accessed here.