Auteur/autrice : Sabine Schiefl

10 years of GLEIF: A decade of trust and transparency in global finance

26 juin 2024

In 2024, the Global Legal Entity Identifier Foundation (GLEIF) celebrates its 10th anniversary. Since its inception in 2014, GLEIF has been instrumental in improving transparency and security in global finance by introducing and managing the Legal Entity Identifier (LEI) system. This milestone provides an opportunity to reflect on a decade of success and innovation. Background […]

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Introduction to LEI and its importance in the Indian market

24 juin 2024

What is an LEI? A Legal Entity Identifier (LEI) is a unique, 20-digit alphanumeric identifier used to identify legal entities involved in financial transactions worldwide. It was developed after the 2008 financial crisis to increase transparency in the global financial system and minimise the risk of future financial crises. An LEI contains basic information about […]

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LEI in figures: How regulatory action is driving global adoption

8 mai 2024

New regulatory initiatives that provide global stakeholders with a blueprint for promoting greater trust and transparency across the digital economy continue to fuel the adoption of the legal entity identifier (LEI). The Global LEI Foundation (GLEIF) is proud of its ongoing transparency initiatives, including its open approach to providing unrestricted access to the latest LEI […]

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India shows the way: LEI – key in the fight against financial crime

9 avril 2024

The introduction of the Legal Entity Identifier (LEI) in India is proliferating thanks to regulatory solid support. This trend is a model for global players in the fight against financial crime. Importance of the LEI for the Indian financial ecosystem The increasing adoption of the LEI has significantly increased trust and transparency in the Indian […]

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Global regulators emphasise the importance of Legal Entity Identifiers (LEIs)

29 mars 2024

In today’s financial world, the Legal Entity Identifier (LEI) has become an essential tool for uniquely identifying companies and financial institutions. Several recent regulatory announcements emphasise the growing importance of the LEI in promoting transparency and simplifying data management in global markets. Netherlands: Violations of LEI regulations lead to sanctions The Netherlands Authority for the […]

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How corporate financiers can benefit from a secure global payment ecosystem

15 février 2024

The ongoing digitalisation and globalisation of financial markets bring new challenges and opportunities for corporate financiers. The legal entity identifier (LEI) is a key factor in creating a more secure and efficient global payments ecosystem. In this article, we look at how the LEI is helping to make cross-border payments more secure and the benefits […]

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How the Legal Entity Identifier (LEI) is transforming sanctions and money laundering screening

2 janvier 2024

Money laundering remains one of the biggest threats to the global financial system. According to the Bank for International Settlements (BIS), up to US$5 trillion is laundered annually, of which less than 1% is recovered. To address this challenge, OpenSanctions, Open Ownership, and the GLEIF (Global Legal Entity Identifier Foundation) have joined forces to improve […]

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Rethinking cross-border payments: the role of the Legal Entity Identifier

12 décembre 2023

How the Legal Entity Identifier (LEI) simplifies cross-border payments In a globalised world where cross-border payments (CBPs) play a central role, making these processes efficient and transparent is becoming increasingly important. This is where the Legal Entity Identifier (LEI) comes into play. It is an internationally recognised standard for identifying companies that can help simplify […]

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On the road to global financial transparency: the development and future of the Legal Entity Identifier System

28 novembre 2023

In an increasingly globalised and digitally networked economy, transparent and reliable company data plays a more significant role. The introduction of the Legal Entity Identifier (LEI) system almost ten years ago has enabled a substantial change in the identification and tracking of companies on an international level. This article looks at the evolution of the […]

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Making cross-border payments more efficient: The value of the LEI for KYC and onboarding

31 octobre 2023

In today’s global economy, the smooth processing of cross-border payments is crucial. LEI numbers are increasingly important, especially in improving KYC (Know Your Customer) and corporate onboarding processes. Challenges with KYC and due diligence in the payments industry Companies carrying out due diligence checks on customers or suppliers face the challenge of accessing the required […]

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