News

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

9 Nisan 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 […]

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

29 Mart 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 […]

How corporate financiers can benefit from a secure global payment ecosystem

15 Şubat 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 […]

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

2 Ocak 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 […]

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

12 Aralık 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 […]

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

28 Kasım 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 […]

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

31 Ekim 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 […]

LEI as a game changer: New perspectives in the fight against money laundering and terrorist financing

8 Eylül 2023

Money laundering and terrorist financing pose significant challenges for the global financial system. A legal Entity Identifier (LEI), a universal identifier, could help solve these problems and promote transparency in cross-border payment processes. The LEI enables the unique identification of legal entities and thus provides a basis for a more secure and efficient financial ecosystem. […]

Cross-border payments: The value of the LEI for Indian businesses

24 Ağustos 2023

In today’s globalised economy, harmonisation of cross-border trust services is critical as the volume of trade across digital platforms continues to increase. For the Indian market, in particular, the Legal Entity Identifier (LEI) offers an essential solution to improve the efficiency and security of international transactions. In this article, we look at the role of […]

EU MiCA Regulation strengthens the use of the LEI to ensure trust and transparency in the crypto market

17 Temmuz 2023

The European Union took a significant step towards regulating cryptoassets by adopting the Markets in Crypto-Assets (MiCA) Regulation in May 2023. This regulation, which puts the market for crypto-assets on a uniform legal footing throughout the EU, mainly emphasizes the central role of the Legal Entity Identifier (LEI). The LEI, a globally recognized identifier for […]

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