Behind the paywall: Russia

Russia has a reputation as a crooked, dangerous place to operate. Businesses often seem shady. Shell companies abound, and low-level money-laundering - to obtain cash for nefarious purposes like paying bribes or more mundane reasons like paying salaries in cash, evading tax - is commonplace. (Russians talk about “obnalichivanie” or “turning into cash”, which is a routine business practice.) Political involvement in business creates significant corruption risks for international businesses dealing with Russian partners. And today there is the added pressure of increasing US and EU sanctions.

Posted Wednesday July 30, 2014

Behind the paywall: The Indian Ministry of Corporate Affairs registry

Photo CC Flickr User sandeepachetan.com travel photography

Even if growth has fallen in recent years, India is still an economic juggernaut. The country is registering growth levels of over 5% annually and continues to enjoy record levels of foreign direct investment. And while corruption remains shockingly high both on the state and local level where petty bribes occur as a normal part of everyday life, efforts to combat corruption are in progress. The most prominent of these efforts is the inauguration of India’s corporate registry within the Ministry of Corporate Affairs.

Posted Monday March 10, 2014

Behind the paywall : The Cayman Islands General Registry

 Photo CC Flickr User KatieThebeau

In the world of open data, there are vast swathes of corporate information available to all those with access to a computer and an internet connection. This is the type of data that we specialise in at Arachnys. A great deal of due diligence information is freely available: 80-90% of business information sources that we come across provide at least basic registration details for free; however it is not uncommon for sources to require either a login or payment (often both) to access the additional data. Most commonly, these will be news sites and corporate registries. These sources are still listed on Arachnys but access restrictions limit us from actually searching them.
Posted Wednesday January 8, 2014

Behind the paywall: Russia

Russia has a reputation as a crooked, dangerous place to operate. Businesses often seem shady. Shell companies abound, and low-level money-laundering - to obtain cash for nefarious purposes like paying bribes or more mundane reasons like paying salaries in cash, evading tax - is commonplace. (Russians talk about “obnalichivanie” or “turning into cash”, which is a routine business practice.) Political involvement in business creates significant corruption risks for international businesses dealing with Russian partners. And today there is the added pressure of increasing US and EU sanctions.

Posted Wednesday July 30, 2014

Behind the paywall: The Indian Ministry of Corporate Affairs registry

Photo CC Flickr User sandeepachetan.com travel photography

Even if growth has fallen in recent years, India is still an economic juggernaut. The country is registering growth levels of over 5% annually and continues to enjoy record levels of foreign direct investment. And while corruption remains shockingly high both on the state and local level where petty bribes occur as a normal part of everyday life, efforts to combat corruption are in progress. The most prominent of these efforts is the inauguration of India’s corporate registry within the Ministry of Corporate Affairs.

Posted Monday March 10, 2014

Behind the paywall : The Cayman Islands General Registry

 Photo CC Flickr User KatieThebeau

In the world of open data, there are vast swathes of corporate information available to all those with access to a computer and an internet connection. This is the type of data that we specialise in at Arachnys. A great deal of due diligence information is freely available: 80-90% of business information sources that we come across provide at least basic registration details for free; however it is not uncommon for sources to require either a login or payment (often both) to access the additional data. Most commonly, these will be news sites and corporate registries. These sources are still listed on Arachnys but access restrictions limit us from actually searching them.
Posted Wednesday January 8, 2014