State of Open Con 2025

To ensure the UK has an integrated energy sector, large quantities of high quality data are needed. This session looks at how the creation of a public sector and industry collaborative body has enabled data principles to achieve this.

Understanding beneficial ownership is a huge challenge faced by banks, know your customer and due diligence companies. Connecting data on the ownership and control of corporate vehicles from as many jurisdictions as possible is crucial to ensuring that ownership data can be used effectively in complex cases. Spreading usage of the Beneficial Ownership Data Standard - an open standard for exchanging data on how people own, control or benefit from companies and trusts - would help achieve this and improve the fight against economic crime and fraud.