LEIs and their value to regulatory compliance

May 19, 2020

Avid followers of the GLEIF website will have observed that the regulatory net is slowly but surely tightening on entities’ use of a Legal Entity Identifier  (LEI) to settle cross-border financial transactions, to register overseas affiliates, and to enable transparent supervision by regulatory authorities.  Established in 2012, the 20-character, alpha-numeric code is rapidly being adopted by entities worldwide not only to facilitate […]

Ultimate beneficial ownership in the UAE

May 4, 2020

The Financial Action Task Force (FATF) has just published its assessment of the UAE’s efforts to implement anti-money laundering and counter terrorism financing measures (AML/CTF). One of the 11 key areas rated in their report was the identification of Ultimate Beneficial Ownership (UBO) information. FATF identified transparency around UBOs as a major concern and rated […]