LEI Code and MiFID II: No LEI, No Trade
What Is MiFID II and Why It Matters for Your Business The Markets in Financial Instruments Directive, known as MiFID II, is an EU legislative framework that governs trading in financial instruments on EU markets. It entered into force on 3 January 2018, together with the directly applicable Markets in Financial Instruments Regulation (MiFIR). MiFID […]
LEI Code and Anti-Money Laundering
What Is AML and What Does It Mean for Your Business? Anti-money laundering (AML) compliance is no longer a concern limited to banks and financial institutions. In fact, the European Union’s new regulatory framework tightens the rules significantly and extends obligations to a much broader range of businesses. As a result, companies that want to […]
LEI Code and Payment Fraud
Why Payment Fraud Is Every Business’s Problem Imagine your accounts payable team receives an email. It looks exactly like a message from a long-standing supplier, the same logo, the same sign-off, the same familiar tone. The message states that the supplier’s bank details have changed and asks you to direct the next payment to a […]
LEI code and EMIR
The derivatives market in Europe is heavily regulated. Since 2012, the European Market Infrastructure Regulation (EMIR) has required all parties to derivative transactions to report their trades. One of the foundational requirements of that system is a valid LEI code. If your company enters into derivative contracts, whether currency swaps, interest rate swaps, futures, or […]
LEI System Becomes a RapidLEI Preferred Partner
What is RapidLEI? RapidLEI is the world’s largest GLEIF-accredited LEI Issuer, founded by Ubisecure in 2018. With accreditation in more than 150 jurisdictions worldwide, RapidLEI serves banks, KYB solutions, trust service providers and fintech platforms globally. In total, over 450,000 clients, including BNP Paribas, Tesla and FedEx, manage their LEI codes through RapidLEI. What is […]
LEI Code and ISO 20022
Cross-border payments have relied on data formats created decades ago. Digital finance has since become the backbone of global trade, but the messaging standards struggled to keep up. That changed in November 2025, when the SWIFT coexistence period ended and ISO 20022 became the sole standard for cross-border payment messages. This shift is bigger than […]
LEI Code and MiCA: What Crypto Service Providers Need to Know
The EU’s Markets in Crypto-Assets Regulation, known as MiCA (Regulation EU 2023/1114), is the world’s first comprehensive legal framework for crypto-asset markets. It changed the rules for everyone operating in the European crypto space. One of its less-discussed requirements has nothing to do with blockchain technology. It concerns how a company proves who it is. […]
LEI Code and KYB: How to Identify Business Partners Reliably
What is KYB? KYB, or Know Your Business, is the process of verifying the identity, ownership structure, and legal status of business partners, suppliers, and clients — both before and during a business relationship. KYB developed as part of the broader KYC (Know Your Customer) framework. KYC covers customer due diligence in general, applying to […]
Why Artificial Intelligence Needs Reliable Business Identity
Why business identity matters for AI Artificial intelligence is transforming how companies process data, assess risk, and make decisions. Financial institutions use AI to detect fraud, assess credit risk, and verify counterparty identity. Across industries, automated systems increasingly rely on AI to screen suppliers, partners, and clients before entering into contracts or transactions. In all […]