Relational database design considerations for beneficial ownership information

  • Publication date: 16 December 2021
  • Author: Opening Extractives

6. Case studies

In 2021, Latvia and Armenia became the first countries to publish beneficial ownership data in line with the Beneficial Ownership Data Standard (BODS).

With an initial focus on extractive industry companies, Armenia has begun publishing beneficial ownership data in line with BODS via its company register (see this example and EITI Armenia’s list of mining companies with declarations). From early 2022, it will expand these beneficial ownership transparency measures to companies operating in the media and other sectors.

The Armenian register also makes use of the Beneficial Ownership Visualisation System to generate easy-to-understand visual representations of beneficial ownership structures for companies declaring in line with BODS.

Beneficial ownership diagram for Zangezur Copper and Molybdenum Combine

Figure 3. Beneficial ownership diagram for Zangezur Copper and Molybdenum Combine

Latvia is adopting BODS for its whole economy with data being published by the Register of Enterprises of the Republic of Latvia. An initial release of approximately 113,000 beneficial ownership declarations was published by the Latvian authorities in BODS JavaScript Object Notation (JSON) format in January 2021 with further releases imminent. The data has been published for anyone to use under the CC0 1.0 Universal Public Domain Dedication licence.

Next page: 7. Further resources