Bownet

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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:


Transcrime – Project coordinator

EBR – European Business Register

Direction V (anti Financial crime), Italian Ministry of Economy and Finance

FIU Denmark / SAOEK - State Prosecutor for serious Economic Crime

UniCredit S.p.A.

PricewaterhouseCoopers S.p.A.

Project Bownet has finished on 21st November 2012. All the materials produced by the project can be found in the Materials section.

 

EU

Co-funded by the Prevention of and Fight against Crime Programme of the European Union