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BOREG© – Beneficial Ownership Register
A tool for collecting, processing, storing, and publishing appropriate, accurate and timely data about the beneficial owners of businesses.
Ask for DemoE-Registers and E-Services
E-Registers and E-Services
BOREG© – Beneficial Ownership Register
A tool for collecting, processing, storing, and publishing appropriate, accurate and timely data about the beneficial owners of businesses.
Ask for DemoBOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
Meet BOREG©
Prevention of Money Laundering and Terrorist Financing
Anonymity enables many illegal activities, such as tax evasion, corruption, money laundering, and financing of terrorism, to take place out of sight of law enforcement and regulatory authorities. The growing pressure on governments and companies to improve transparency and accountability has resulted in a global shift towards increased disclosure around beneficial ownership.
Influential organization Financial Action Task Force (FAFT) sets standards and encourages countries to combat money laundering, terrorist financing, stop illicit financial flows and start seeking technological solutions to collect, store, and provide information about the actual beneficiaries.
#AML
The Guidebook for How to Combat Money Laundering
Explore the free guidebook, which explains the issues of AML/CFT regimes, the implications of being listed, and how BOREG© allows smooth transition towards transparency of beneficial ownership.
How to Combat Money Laundering
Get a free guidebook and learn about:
▪️ the severity of AML/CFT issue on a global scale
▪️ color-coded lists and implications of being listed by the FATF
▪️ how and where to start the fight against AML/CFT regimes, what solutions to choose
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Combat of Tax Evasion
The core components of BOREG© are services allowing company representatives to connect and submit all necessary data to the Beneficial Ownership Register and thus provide data to authorized third parties. The submitted data is verified with external systems and/or documents provided to the Register.
BOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
BOREG© Key Principles
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01
Fully Online
The process is paperless. No need to appear in person.
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02
Streamlined Process
Apply -> pay -> verify -> register.
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03
Instant Access to Information for Third Parties
Select what you want to know – collect data online (if it is public); data is available to law enforcement agencies and credit institutions based on existing agreements.
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04
Only Authorised Users Have Access to The System
External users (business owners, agents, representatives) are provided secure web-based access to submit data to the register.
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05
Standardised Data
Uses Open Ownership data standards. Allows various data analyses, data interpretation and data sharing.
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Configurable Workflow
Internal users can easily configure the workflow and forms of the e-service.
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Interoperability
Interoperable with other internal/external IT solutions involved in the process (crosscheck with Business register, Population register, and other IS).
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Advanced Security
Provides top-level security; a secure database ensures data integrity.
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09
Visualisation
Integrated with open-source or customized visualisation tools for the graphical representation of the beneficiaries of the legal entity.
BOREG© Benefits
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01
Building Creditability
Hidden ownership poses problems for honest companies because they don’t know who they are doing business with.
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02
Reducing Risks
Transparency about real owners can reduce reputational and financial risks.
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03
Taking Responsibility
Once published, citizens can use beneficial ownership information to take action and hold responsible those who misuse anonymous companies.
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04
Increasing Trust & Accountability
Increased transparency around real owners can increase trust and accountability for citizens and their government.
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05
Ensuring Compliance
Beneficial ownership transparency prevents conflict of interest and can help ensure compliance with anti-corruption provisions.
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06
Combating Tax Evasion
Beneficial ownership transparency helps prevent tax evasion and ensures that governments get the revenue they are owed.
BOREG© Contribution to Sustainability Agenda
Our product is dedicated to advancing the United Nations Sustainability Development Goals (SDGs) and making a positive impact on the world. With a focus on No Poverty, Decent Work and Economic Growth, Industry, Innovation and Infrastructure, Peace, Justice and Strong Institutions, and Partnerships for the Goals, our product is designed to promote a more sustainable and equitable future for all.
The Initial Scope of e-Services provided by BOREG©:
Registration Services
Registering new beneficial owners.
Post-Registration Services
Updating information about registered beneficial owners, registering amendments.
Information Services
Structured data about beneficial owners distributed to authorized third parties.
Supporting Services
API integration services, online payment, digital signature, administration of Registers‘ users, application monitoring and tracking.
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Insights That May Interest You
BOREG© Related Insights
Enforcing Sanctions and Combating Money Laundering — Beneficial Ownership Registers are Part of the Solution
The EU Court of Justice Prohibits Public Access to the Ultimate Beneficial Ownership Data
NRD Companies Have Partnered with Open Ownership to Spread the Use of the Beneficial Ownership Data Standard Around the World
View All
Enforcing Sanctions and Combating Money Laundering — Beneficial Ownership Registers are Part of the Solution
The EU Court of Justice Prohibits Public Access to the Ultimate Beneficial Ownership Data
NRD Companies Have Partnered with Open Ownership to Spread the Use of the Beneficial Ownership Data Standard Around the World
The Importance of Beneficial Ownership Registries in Fighting Money Laundering and Terrorist Financing
Online Business Registry System Coming to the Belize Companies and Corporate Affairs Registry
In the First Half of 2022, NRD Companies Continues to Lead Multi-Level Digital Transformation Projects Around the World
Beneficial Ownership Registries – Solution to Problem of Pandora, Panama, and Other Papers
NRD Companies – Platinum Partner of the CRF 2021 Virtual Conference
NRD Companies Overcomes a Challenging Year and Maintains Its Leadership Position in the Registries Market
Learn More About BOREG©
FAFT Recommendation 24 states that all countries will need to have a beneficial ownership register or an equivalent system in place. Schedule a demo and learn how BOREG© can help you achieve this goal.
Ask for Demo
BOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
