Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
May 18, 2022GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.
March 30, 2022Beneficial ownership data should be structured and interoperable, collated in a central register, and accessible to all actors fighting financial crime.
August 26, 2021Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
May 18, 2021Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.
March 13, 2021Users must plan to implement the updated file formats to ensure uninterrupted access to LEI data beyond 31 March 2022, GLEIF said.
February 16, 2021The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.
February 12, 2021The RBI said regulated entities should upload KYC data pertaining to accounts of legal entities to the Central KYC Registry from 1 April 2021.
December 23, 2020Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.
September 29, 2020The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.
April 3, 2020