This website uses cookies to offer you the best experience online. By continuing to use our website, you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacy policy 

Free trial

20 February 2019

How Transcrime uses company information to identify organized crime

Francisco Fisher

There has been a shift in the way criminologists identify organized crime, according to Transcrime senior researcher Michele Riccardi. Rather than focusing on individuals, his organization studies companies, with a focus on ownership structures and financial activity.

Riccardi explains how Transcrime uses company information to identify risk for financial crime.

Transcrime is a joint research centre of the  Università Cattolica del Sacro Cuore in Milan. The organization focuses on money laundering, organized crime and in particular, organized crime infiltration into legitimate companies.

It tracks organized crime by providing users including public authorities, police organizations and private companies, with data, statistics and indicators about how risky a geographic area, business sector, or individual company is in terms of vulnerability to organized crime and corruption.

Key indicators for financial crime

Here are some questions the researchers at Transcrime ask when making their assessments:

  • How opaque or complex is a company's structure?
  • What is the distance between a company and its beneficial owners? 
  • Are beneficial owners controlling the company fully under legal structures set up in different countries? 
  • How exposed are the companies to offshore countries, tax havens or other risky areas across the globe? 

"We are international, and also, our research is international," Riccardi says. "We think that organized crime is transnational by nature. That's why a country-specific focus is not enough to do research on this topic."

Transcrime published an EU-funded report that examines the risk of organized crime infiltration in legitimate business called Mapping the risk of serious and organized crime infiltration in Europe. Read how data from Orbis helped the organization uncover ownership information used in their research.

You might be interested in

francisco fisher bureau van dijk

Francisco Fisher, Content Developer

Francisco is a content developer for Bureau van Dijk. He has spent more than a decade working as a writer, editor and content marketing specialist for tech-focused companies and publications.

Francisco is a content developer for Bureau van Dijk. He has spent more than a decade working as a writer, editor and content marketing specialist for tech-focused companies and publications.

bvdi white logo

How Bureau van Dijk can help you

Certainty is a highly-prized commodity in business. Data might be getting bigger all the time, but this only makes extracting value from it more difficult.

In capturing and treating private company information we aim to give you more certainty – and help you make better decisions and work more efficiently.

 

 

Our solutions are designed to help different business challenges and streamline your workflow. Many of our customers blend our information with their own internal data to get a more complete picture of the companies in their ecosystem.

Try our more certain approach –
welcome to the business of certainty.