Arachnys mentioned in Joint Committee on Human Rights and Business Inquiry

Arachnys was mentioned recently in the Joint Committee on Human Rights & Business Inquiry. The Joint Committee included both the Commons and the Lords. Andrew Silvester of the Institute of Directors cited Arachnys as instrumental in curbing slavery in the supply chain:

Posted 2.30.16

Diversified risk: Deutsche Bank challenge the industry to find the right compliance tech

Deutsche Bank’s new leadership is progressing in their attempts to overhaul compliance, and may lead cultural change for the industry.

Posted 28.02.16

The Bahamas Leaks are breaking - where to begin

     Following the Panama Papers leaks, 1.3 million documents from the commercial register in the Bahamas have been obtained by Suddeutsche Zeitung, the same newspaper which received the Panama Papers from Mossack Fonseca: the Panamanian firm have also created 15,915 entities in the Bahamas. Whilst smaller in scope, the leak still includes information on around 175,888 companies and 25,228 Officers named in the papers (the Panama Papers included 238,402). The data represents around 38 gigabytes - smaller than the Offshore Leaks too, but still sizeable compared to Luxembourg and Swiss Leaks. 

Posted 3.23.16

US Citizen takes injunction against French government over trust secrecy ...and wins

On May 10th, the French tax administration passed a law which would enable public access to the national register of trusts, on the constitutionality of the ‘Decree’. Subsequently, public access to the Trust register was suspended on 22nd July 2016 by the highest court in France, the Conseil consitutionnel. The ruling shows the tremendous uphill battle that the European Commission will face whilst proposing an interconnected registry of beneficial ownership, given that it will be up to national jurisdictions to implement these laws fairly.

Posted 40.25.16

From Safe Harbour to Privacy Shield: What has changed for data compliance?

2016 has been a fruitful year for changes to EU legislation, but this is not set to end anytime soon. Governance on the content is in a tremendous state of flux. In October 2015, the Court of Justice of the European Union made an unprecedented declaration to throw out Safe Harbor, as a framework for the transfer of personal data from the European Union to the U.S. As of 12th July, a new framework has been adopted: ‘Privacy Shield’.

Posted 54.15.16

EU proposes urgent updates to 4MLD & interconnected business registries for 2017

The EU has begun fast-tracking amendments to the Fourth Money-Laundering directive in the wake of the Panama Papers revelations and London’s Anti-Corruption summit. The recent atrocities in the intervening months between the amendment and the original drafting have also brought about some controversial proposals on high-risk countries and cryptocurrencies, but many of these had already been tabled in the Commission’s Terrorist Action plan in financing.

Posted 17.09.16

UK ultimate beneficial ownership data is now available with Arachnys

Our developers have successfully integrated the new beneficial ownership data in the Companies House API from the Developer hub into Arachnys. Whilst this required additional efforts to attain full-integration, the approach paid off as the data is updated live and in real-time.

Posted 0.26.16

Arachnys mentioned in Joint Committee on Human Rights and Business Inquiry

Arachnys was mentioned recently in the Joint Committee on Human Rights & Business Inquiry. The Joint Committee included both the Commons and the Lords. Andrew Silvester of the Institute of Directors cited Arachnys as instrumental in curbing slavery in the supply chain:

Posted 2.30.16

Diversified risk: Deutsche Bank challenge the industry to find the right compliance tech

Deutsche Bank’s new leadership is progressing in their attempts to overhaul compliance, and may lead cultural change for the industry.

Posted 28.02.16

The Bahamas Leaks are breaking - where to begin

     Following the Panama Papers leaks, 1.3 million documents from the commercial register in the Bahamas have been obtained by Suddeutsche Zeitung, the same newspaper which received the Panama Papers from Mossack Fonseca: the Panamanian firm have also created 15,915 entities in the Bahamas. Whilst smaller in scope, the leak still includes information on around 175,888 companies and 25,228 Officers named in the papers (the Panama Papers included 238,402). The data represents around 38 gigabytes - smaller than the Offshore Leaks too, but still sizeable compared to Luxembourg and Swiss Leaks. 

Posted 3.23.16

US Citizen takes injunction against French government over trust secrecy ...and wins

On May 10th, the French tax administration passed a law which would enable public access to the national register of trusts, on the constitutionality of the ‘Decree’. Subsequently, public access to the Trust register was suspended on 22nd July 2016 by the highest court in France, the Conseil consitutionnel. The ruling shows the tremendous uphill battle that the European Commission will face whilst proposing an interconnected registry of beneficial ownership, given that it will be up to national jurisdictions to implement these laws fairly.

Posted 40.25.16

From Safe Harbour to Privacy Shield: What has changed for data compliance?

2016 has been a fruitful year for changes to EU legislation, but this is not set to end anytime soon. Governance on the content is in a tremendous state of flux. In October 2015, the Court of Justice of the European Union made an unprecedented declaration to throw out Safe Harbor, as a framework for the transfer of personal data from the European Union to the U.S. As of 12th July, a new framework has been adopted: ‘Privacy Shield’.

Posted 54.15.16

EU proposes urgent updates to 4MLD & interconnected business registries for 2017

The EU has begun fast-tracking amendments to the Fourth Money-Laundering directive in the wake of the Panama Papers revelations and London’s Anti-Corruption summit. The recent atrocities in the intervening months between the amendment and the original drafting have also brought about some controversial proposals on high-risk countries and cryptocurrencies, but many of these had already been tabled in the Commission’s Terrorist Action plan in financing.

Posted 17.09.16

UK ultimate beneficial ownership data is now available with Arachnys

Our developers have successfully integrated the new beneficial ownership data in the Companies House API from the Developer hub into Arachnys. Whilst this required additional efforts to attain full-integration, the approach paid off as the data is updated live and in real-time.

Posted 0.26.16