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Open Sanc­tions

Friedrich Lindenberg

Makes build­ing blocks for fight­ing finan­cial crime.

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Friedrich Lin­den­berg

Founder, lead engi­neer at Open­Sanc­tions Read more

Key Facts

  • Found­ing date: Sep­tem­ber ‘21
  • Loca­tion: Berlin, Ger­many

Part of Poly Cri­sis Pro­gram #1

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Sus­tain­able Devel­op­ment Goals (SDGs)

SDG 9 Industry, innovation and infrastructure
SDG 10 Reduced inequalities
SDG 16 Peace, justice and strong institutions

Ambi­tion

Illic­it finan­cial flows are often pro­ject­ed to account for 10% of GGDP and play a key role in hold­ing back devel­op­ing economies through cap­i­tal flight, enabling and encour­ag­ing the klep­to­crat­ic regimes in coun­tries like Rus­sia and Iran, and — at the tail end of the same mon­ey laun­der­ing sys­tems — caus­ing invest­ment bub­bles in real estate in “safe” juris­dic­tions like Ger­many.

Solu­tion

Hav­ing a data­base of sanc­tioned enti­ties and oth­er per­sons of inter­est is a key enabler for a broad vari­ety of activ­i­ties: inves­tiga­tive work to unveil illic­it activ­i­ty via the media, under­stand­ing sanc­tions as an instru­ment of secu­ri­ty pol­i­cy, and — in a prac­ti­cal con­text — screen­ing ones counter-par­ties for com­pli­ance with applic­a­ble require­ments in reg­u­lat­ed indus­tries.

Links

Web­site: https://​www​.open​sanc​tions​.org/

Linkedin: https://​www​.linkedin​.com/​c​o​m​p​a​n​y​/​o​p​e​n​s​a​n​c​t​i​o​ns/