Phys .org: New tool reveals ultimate owners of companies. “With responsible investing gaining popularity, even as major nations seek ways to counter tax evasion in offshore financial centers and put unwanted individuals and companies on designated persons lists to deter business with them, the problem of revealing the ultimate beneficiary that owns a company through a long chain of intermediaries is as complex and relevant as ever. To address it, a team of Russian researchers has created a network science-based algorithm called α-ICON, short for Indirect Control in Onion-like Networks. The tool ingests ownership data from state registers and detects and ranks the ultimate owners of each organization, providing indirect insights into its practices for compliance officers, potential investors, and due diligence analysts to draw upon.”
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