President, Financial and Risk
London, United Kingdom,
David Craig, President, Financial & Risk. Thomson Reuters provides professionals with the intelligence, technology and human expertise they need to find trusted answers. We enable professionals in the financial and risk, legal, tax and accounting, intellectual property and science and media markets to make the decisions that matter most, all powered by the world's most trusted news organization. http://thomsonreuters.com/en.html
The use of technology to combat corruption
Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.
The accomplished US jurist Louis Brandeis said this a century ago. Today he might have added that data, used properly, can illuminate even the darkest corners of society. At Thomson Reuters our commitment is to use our resources wherever we can to shine that light and to expose those corrupt practices which continue to infect global commerce.
We champion the use of data to combat corruption. We help companies to analyse their supply chains to assess the risks associated with every link. We help financial institutions perform vital Know Your Customer checks and analyse sanctions lists, and we help investors discover the ultimate beneficial owners of a company – the people behind the people who hold the shares.
We are working with organizations committed to combating slavery in supply chains to build a single information and intelligence platform which enables its users to spot the patterns in the data – to reveal links which might otherwise remain concealed, and to identify perpetrators who might otherwise continue to escape detection. It will turn some of the qualitative data gathered by campaigners in the field into hard, quantitative and searchable data.
And in Liberia, ranked by the World Bank as one of the world’s most difficult countries for property registration, we are working with authorities to help citizens take control of their land rights through technology and improving information. This is a critical time for leaders – an opportunity to ensure that technological advances are leveraged to create a more transparent world.
Thomson Reuters is committed to working with governments, businesses and civil society to cut corruption out of global commerce. Society demands this as a priority. Technology gives us the opportunity.