Bownet – Identifying the Beneficial Owner of legal entities in the fight against money laundering – is a project carried out in 2012-2013 with the financial support from the Prevention of and Fight against Crime Programme of the European Union – European Commission, DG Home Affairs.
The project is a feasibility study aimed at assessing what is necessary to develop an intelligent system able to search and integrate information on the beneficial owner of legal entities anti-money laundering and other financial investigations.
The project benefits a wide range of stakeholders at EU and international levels: Financial Intelligence Units, Asset Recovery Offices, Law Enforcement Agencies specialized in the fight against financial crime but also credit institutions, legal professions and other intermediaries subject to Directive 2005/60/EC (Third AML Directive).
The project was developed by a consortium constituted by:
Project Bownet has finished on 21st November 2012. All the materials produced by the project can be found in the Materials section.
Co-funded by the Prevention of and Fight against Crime Programme of the European Union