Visualized Business Register

Fight money laundering and corruption with visualized business register!

What is Visualized Business Register?

Visualized Business Register is a service provided by the Centre of Registers and Information Systems, which gives an overview of connections between legal persons and natural persons registered in the Business Register. The service enables to investigate the company background both through valid and invalid connections, which in turn indicate earlier ownership relations. It makes it possible to make inquiries concerning the persons related to companies so that the results are displayed as a figurative drawing. The service was initially created for the detection of money laundering schemes but as of today is available to all regular users of the e-Business Register.

Why is it good and how does it make things better?

Thanks to the Visualized Business Register, it is more convenient for entrepreneurs to check the background of both co-operation partners and debtors. The work of those officials who investigate different relations and money-laundering schemes also became easier. The Visualized Business Register is also sure to simplify the work of journalists and investigative bodies. But above all, the service is designed for financial institutions for the prevention of money-laundering.

All this can be done thanks to e-annual reporting system which provides the needed information already in an electronic XBRL form.

How does it work?

The new service makes it possible to make inquiries concerning the persons related to companies so that the results are displayed as a figurative drawing.  The data of the e-Business Register have legal significance. Relevant decisions can be made on the basis of these data, because the state guarantees the relevance and accuracy of the e-Business Register data.

E-business Register inquiry system is online service based on the central database of registration departments of the courts. This central database includes digital data of the commercial register, the register of non-profit associations and foundations and the commercial pledge register. The register contains historical data since 1995. All the information is publicly available and can be accessed online 24/7.

Through the Visualized Business Register, enquiries can also be made from the e-Land Register or the Official Publication. The opportunity to view information from several different sources at once makes the Visualised Business Register an especially effective tool for making a background check, preventing money-laundering or fighting corruption.

For you

RIK provides consultation regarding the best practice of development and administration of the IT-solutions of the respective sector. RIK is experienced public sector developer/manager /administrator of IT-systems. Valuable partner for analysis and design and consultant for development and implementation.

Contacts

Centre of Registers and Information Systems (RIK) is a state agency working under the Ministry of Justice. For additional information or proposals of cooperation please contact us rik.services@just.ee or see our website www.rik.ee.