Makes building blocks for fighting financial crime.
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- Founding date: September ‘21
- Location: Berlin, Germany
Part of Poly Crisis Program #1
Sustainable Development Goals (SDGs)
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.
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.