Latest news from TISCreport

Act now to defend open company ownership data: Participate in the European Commission consultation!

Published on: 1 June 2022

EU Open Data Directive
Madrid, 1 June 2022 – Under the EU’s Open Data Directive, company registration and ownership information should be available as open data. In a surprise move, the European Commission is now proposing, via a long-overdue Implementing Regulation, that the names of the owners of companies will not be made available for free. As a result, SMEs, businesses, academia, journalists and CSOs will not get access to information that is vital in due diligence, innovation and preventing corruption, money laundering and terrorist financing.
Sanctions Data OFSI XML Glitch

Published on: 18 May 2022

With the renewed interest in sanctions data from smaller, unregulated companies, the Office of Financial Sanctions Implementation has had to delay their XML feed. This will have impacts on all those using the data sets to meet their legal obligations via third party systems..
If World War 3 is already here, what can companies do to help end it?

Published on: 3 March 2022

Veteran Russian watcher Fiona Hill said in an interview when asked if we were on the brink of a World War III, "We’re already in it. We have been for some time". Stark words but if companies play their parts now, there is hope. Hill called for a temporary suspension of business activity with Russia and said that all companies needed to make a decision. We think that decision needs to be made now..
Can Supply Chain Transparency Help Prevent Wars?

Published on: 23 February 2022

Russian flag
A little-known HM Treasury department called the Office of Financial Sanctions Implementation regularly produces lists of designated persons and entities against whom sanctions have been levied. But how are these lists being used and can they help create the pressure needed to encourage regimes to consider peaceful options?
Crown Commercial Service Takes Proactive Steps on Prompt Payment for Suppliers

Published on: 22 February 2022

prompt payment code
The Public Contracts Regulations (2015) already require 30-day payment terms to be passed down the supply chain on those contracts that relate to public sector work. From 1 April 2022, suppliers bidding for central government contracts worth more than £5m per annum, will need to demonstrate that they pay at least 90% of their invoices to suppliers within 60 days in one of their previous two published payment reports, or risk being excluded from the procurement.