As the only established universal entity identifier globally, the legal entity identifier (LEI)  is uniquely positioned to play a foundational role in the fight against financial crime according to Clare Rowley, head of business operations at the Global Legal Entity Identifier Foundation (GLEIF).

She suggests the LEI could also be leveraged by the Financial Action Task Force (FATF) in an upcoming review of its ‘recommendation 16’, which specifically aims to ensure that basic information on the originator and beneficiary of payments are immediately available.

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