Imagine a giant digital map that shows where money is hiding and who is actually pulling the strings in business and government. It's like a high-tech detective kit that connects different databases to spot red flags before they become legal nightmares. Instead of guessing who to trust, companies can use these tools to see the real track record of their partners.
Companies struggle to identify hidden corruption risks and sanctioned assets when operating across different EU jurisdictions with varying laws. This creates significant legal and financial liability during partner due diligence.
A public Data Hub featuring the European Transparency Index, the EU Compass on Anticorruption Law, and 'Follow the Money' search engines.
If you are a compliance firm dealing with complex cross-border money flows — this project developed the 'Follow the Money' search engine and money-laundering measurement methods that help identify assets of sanctioned individuals.
If you are a law firm dealing with regulatory gaps in different EU countries — this project developed the EU Compass on Anticorruption Law (EUCAL) to provide a comparative repository of regulations.
If you are a risk agency dealing with hidden influence networks — this project developed social network maps and the European Transparency Index to reveal institutional vulnerabilities.
Based on available project data, the outputs are described as open-access digital tools and a public Data Hub, suggesting they may be free to the public.
The project uses interconnected databases and algorithms like 'Follow the Money' to handle cross-border data, indicating a design meant for wide-scale monitoring across 21 countries.
Based on available project data, the project emphasizes 'open science' and 'open-access digital tools', implying a non-proprietary licensing model.
It identifies regulatory and impact gaps across EU Member States and candidate countries through the EU Compass on Anticorruption Law.
The project period runs from 2024-01-01 to 2027-12-31, with some progress already reported in the first period.
The consortium is heavily weighted toward non-profit and academic entities, with 17 'Other' organizations and 9 universities. While industry representation is low at 3% (1 partner), the inclusion of specialized tech groups like YouControl provides the necessary technical capability to implement the 'Follow the Money' algorithms and data hub architecture.
Contact The Lisbon Council for Economic Competitiveness ASBL in Belgium
Contact us to find out how to integrate these open-access transparency tools into your corporate compliance workflow.
