Welcome to EBOCS
EBOCS – European Business Ownership and Control Structures is a project carried out with the financial support of the Prevention of and Fight against Crime Programme European Commission - Directorate-General Home Affairs.
EBOCS will develop IT services to provide simplified and unified access to BR data on business ownership and control structures for financial analysis and investigation purposes thus increasing the level of transparency on legal entities available today. The project is specifically targeted towards public Counter Crime Agencies (CCAs) involved in the fight against financial and economic crime.
EBOCS will have a concrete impact on methods and techniques currently being used by EU CCAs (i.e. FIUs, LEAs) and private intermediaries subject to EU Directive 2005/60/EC to identify owners of EU legal entities for AML and ATF purposes. The EBOCS services will allow that category of end-users, using their existing crime prevention analysis tools, to perform efficient and quick inquiries about the ownership and control structures of EU legal entities at cross border level.
This will support the disruption of international crime networks through better detection and prevention of financial, economic and other related crime. In the short term the system will be used mainly by CCAs and operate with existing BR data in whatever format available. However, in the medium to long term, the system will be readily expandable in terms of the number of BR data providers, target end-users (e.g. financial intermediaries and professionals) and the quality, format and range of data available.
The project is developed by a consortium led by the European Business Register EEIG (Belgium). The seven other co-financed partners are: Enterprise Registry Solution Limited (Ireland); Infocamere Scpa (Italy); Registrite ja Infosüsteemide Keskus (Estonia); Transcrime - Università Cattolica del Sacro Cuore (Italy); Oficiul National al Registrului Comertului(Romania); Lursoft IT - Sabiedrība ar ierobežotu atbildību “Lursoft” (Latvia); FIU LATVIA, Prosecutor's Office for Prevention of Laundering of Proceeds Derived from Criminal Activity (Latvia).
The EBOCS project is scheduled for a duration of 18 months: it commenced on 13th January 2014 and will finish on 13th July 2015.