There is a lack of transparency in both beneficial and company ownership data across the EU. This severely impedes proper due diligence of suppliers that win public contracts, therefore creating an environment where corruption can fester.
We are pushing for full, open and free access to all company registration data, including beneficial ownership and company ownership registers within the EU. Making available information on the economic operators applying for contracts, allows for proper oversight and holds those making decisions accountable. It is essential not only to push for open company ownership data, but to create a procurement system that integrates this data and uses it to carry out proper due diligence on suppliers.