What are You looking for?
BOREG© – Beneficial Ownership Register
A tool for collecting, processing, storing, and publishing appropriate, accurate and timely data about the beneficial owners of businesses.
Ask for DemoE-Registers and E-Services
E-Registers and E-Services
BOREG© – Beneficial Ownership Register
A tool for collecting, processing, storing, and publishing appropriate, accurate and timely data about the beneficial owners of businesses.
Ask for DemoBOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
Meet BOREG©
Prevention of Money Laundering and Terrorist Financing
Anonymity enables many illegal activities, such as tax evasion, corruption, money laundering, and financing of terrorism, to take place out of sight of law enforcement and regulatory authorities. The growing pressure on governments and companies to improve transparency and accountability has resulted in a global shift towards increased disclosure around beneficial ownership.
Influential organization Financial Action Task Force (FAFT) sets standards and encourages countries to combat money laundering, terrorist financing, stop illicit financial flows and start seeking technological solutions to collect, store, and provide information about the actual beneficiaries.
Combat of Tax Evasion
The core components of BOREG© are services allowing company representatives to connect and submit all necessary data to the Beneficial Ownership Register and thus provide data to authorized third parties. The submitted data is verified with external systems and/or documents provided to the Register.
BOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
BOREG© Key Principles
-
01
Fully Online
The process is paperless. No need to appear in person.
-
02
Streamlined Process
Apply -> pay -> verify -> register.
-
03
Instant Access to Information for Third Parties
Select what you want to know – collect data online (if it is public); data is available to law enforcement agencies and credit institutions based on existing agreements.
-
04
Only Authorised Users Have Access to The System
External users (business owners, agents, representatives) are provided secure web-based access to submit data to the register.
-
05
Standardised Data
Uses Open Ownership data standards. Allows various data analyses, data interpretation and data sharing.
-
06
Configurable Workflow
Internal users can easily configure the workflow and forms of the e-service.
-
07
Interoperability
Interoperable with other internal/external IT solutions involved in the process (crosscheck with Business register, Population register, and other IS).
-
08
Advanced Security
Provides top-level security; a secure database ensures data integrity.
-
09
Visualisation
Integrated with open-source or customized visualisation tools for the graphical representation of the beneficiaries of the legal entity.
BOREG© Benefits
-
01
Building Creditability
Hidden ownership poses problems for honest companies because they don’t know who they are doing business with.
-
02
Reducing Risks
Transparency about real owners can reduce reputational and financial risks.
-
03
Taking Responsibility
Once published, citizens can use beneficial ownership information to take action and hold responsible those who misuse anonymous companies.
-
04
Increasing Trust & Accountability
Increased transparency around real owners can increase trust and accountability for citizens and their government.
-
05
Ensuring Compliance
Beneficial ownership transparency prevents conflict of interest and can help ensure compliance with anti-corruption provisions.
-
06
Combating Tax Evasion
Beneficial ownership transparency helps prevent tax evasion and ensures that governments get the revenue they are owed.
BOREG© Contribution to Sustainability Agenda
Our product is dedicated to advancing the United Nations Sustainability Development Goals (SDGs) and making a positive impact on the world. With a focus on No Poverty, Decent Work and Economic Growth, Industry, Innovation and Infrastructure, Peace, Justice and Strong Institutions, and Partnerships for the Goals, our product is designed to promote a more sustainable and equitable future for all.
The Initial Scope of e-Services provided by BOREG©:
Registration Services
Registering new beneficial owners.
Post-Registration Services
Updating information about registered beneficial owners, registering amendments.
Information Services
Structured data about beneficial owners distributed to authorized third parties.
Supporting Services
API integration services, online payment, digital signature, administration of Registers‘ users, application monitoring and tracking.
YOU MAY FIND THESE INTERESTING
Explore Other Registers Related Offerings
BUSREG© – Business Registry
E-Registers and E-Services
A modern web-based solution that serves as a platform where businesses/individuals and government meet for customer-centric business registration.
Learn more
SECREG© – Secured Transactions Register
E-Registers and E-Services
A tool dedicated to receiving, storing and making accessible to the public information in registered notices with respect to security rights in movable assets.
Learn more
LIREG© – Business Licensing Solution
E-Registers and E-Services
A compilation of online registration services allowing applicants to apply, pay and receive a license online.
Learn more
URP© – Unified Registry Platform
E-Registers and E-Services
The out-of-the-box platform which is constantly developed which we have created to enable Registration Agencies to become Centres of Registries.
Learn moreLearn About Our Customers Success
BOREG© Related Success Stories
Design and Implement an E-registry system for the Business Registries in Belize
https://vimeo.com/nrdcompanies/belize-digital-transformation?share=copy About the client The Government of Belize and the Financial Services Commission (formerly the…
Business Registration in Rwanda: How Digitization Improved Business Environment and Spurred Economic Growth
https://www.youtube.com/embed/wd7szIaivus About the Client Rwanda Development Board (RDB) Rwanda Development Board (RDB) is a government…
View All
Design and Implement an E-registry system for the Business Registries in Belize
https://vimeo.com/nrdcompanies/belize-digital-transformation?share=copy About the client The Government of Belize and the Financial Services Commission (formerly the…
Business Registration in Rwanda: How Digitization Improved Business Environment and Spurred Economic Growth
https://www.youtube.com/embed/wd7szIaivus About the Client Rwanda Development Board (RDB) Rwanda Development Board (RDB) is a government…
Mauritius Registrar-General's Department becomes an e-Service organization after transitioning from paper-based service
About the Client Registrar-General’s Department (RGD), Republic of Mauritius. The Mauritius Registrar-General's Department is a…
Anguilla Improved the Business Environment by Investing in a Digital Business Registry System
About the Client Ministry of Finance and Health - Registry of Commercial Activities The Registry…
Institutional Reform and Development of Companies Registry
About the client The Ministry of Commerce and Industry Challenge Reducing the time and costs…
Improving Business Registration and Regulatory Process in Bhutan
About the client IFC SouthAsia Enterprise Development Facility (SEDF) Solution Improving registration and regulatory processes…
Implementation of Vietnam National Business Registration Services and System
About the client United Nations Industrial Development Organization (UNIDO) Solution The activities performed encompasses the…
Implementation of a Foreign Investment Registry
About the client Foreign Investment Advisory Service (FIAS) Challenge Solomon Islands have detailed rules and…
Electronic Registry of Business Licenses
About the client Foreign Investment Advisory Service (FIAS) Challenge Kenya has adopted the regulatory guillotine…
Electronic Moveable Property Registry
About the client The Ministry of Economy in Guatemala financed by IDB Challenge The Ministry…
Development of Civil Registration and Vital Statistics System in Zanzibar
About the client Office of Chief Government Statistician Challenge Preparation of a Concept, Supporting Regulation,…
Design and Specification of a Business Registration Platform
About the client Ministry of Industry and Trade Challenge The general objective of the assignment…
Design and development of an Online Business Registration System
About the client Tanzanian Business Registrations and Licensing Agency The Business Registrations and Licensing Agency…
Consultancy Services to Develop Unified Registry of Beneficiaries System
About the client Tanzania Social Action Fund Challenge The project includes development of potential beneficiaries'…
Business Registration Reform Project
About the client United Nations Industrial Development Organization (UNIDO) Challenge Establishment of fully functional Business…
Insights That May Interest You
BOREG© Related Insights
Enforcing Sanctions and Combating Money Laundering — Beneficial Ownership Registers are Part of the Solution
The EU Court of Justice Prohibits Public Access to the Ultimate Beneficial Ownership Data
NRD Companies Have Partnered with Open Ownership to Spread the Use of the Beneficial Ownership Data Standard Around the World
View All
Enforcing Sanctions and Combating Money Laundering — Beneficial Ownership Registers are Part of the Solution
The EU Court of Justice Prohibits Public Access to the Ultimate Beneficial Ownership Data
NRD Companies Have Partnered with Open Ownership to Spread the Use of the Beneficial Ownership Data Standard Around the World
The Importance of Beneficial Ownership Registries in Fighting Money Laundering and Terrorist Financing
Online Business Registry System Coming to the Belize Companies and Corporate Affairs Registry
In the First Half of 2022, NRD Companies Continues to Lead Multi-Level Digital Transformation Projects Around the World
Beneficial Ownership Registries – Solution to Problem of Pandora, Panama, and Other Papers
NRD Companies – Platinum Partner of the CRF 2021 Virtual Conference
NRD Companies Overcomes a Challenging Year and Maintains Its Leadership Position in the Registries Market
Learn More About BOREG©
FAFT Recommendation 24 states that all countries will need to have a beneficial ownership register or an equivalent system in place. Schedule a demo and learn how BOREG© can help you achieve this goal.
Ask for Demo
BOREG© Demo
Get a free no-obligation demo.
Submit the contact form and our expert will be in touch with you shortly.
Thank you!
We will contact you soon.
