LEI Code and DORA: What ICT Providers Need to Know
What Is DORA? The Digital Operational Resilience Act — known as DORA — is Regulation (EU) 2022/2554, adopted by the European Parliament and the Council on 14 December 2022. The EU published it in the Official Journal on 27 December 2022. It entered into force on 16 January 2023 and became fully applicable on 17 […]
Do Companies Need an LEI Code in 2026?
LEI is no longer limited to financial institutions Most companies initially assume that the LEI code only applies to banks or large financial institutions. However, this perception is outdated. Over the past decade, the role of LEI has expanded significantly across multiple sectors and jurisdictions. Today, companies encounter LEI requirements when they move into more […]
FATF Travel Rule Explained
The FATF Travel Rule (Recommendation 16) requires financial institutions to include information about the sender and the recipient in certain transactions. This article explains what the rule means in practice, why FATF Travel Rule compliance can be difficult, and how structured identifiers like LEI help solve this challenge. What is the FATF Travel Rule? The […]
vLEI and Business Authentication
Could vLEI technology replace passwords for business authentication in the future? The digital world still relies heavily on passwords. Every day, people log into systems, approve transactions, and access platforms using user accounts and passwords. In a business context, however, this approach has an important limitation. A password only proves that someone was able to […]
How LEI Is Used in the USA
Why LEI Is Used in the USA In the United States, the LEI code is used in situations where a company’s activities involve regulated financial transactions or the use of professional financial services. LEI was not created as a general company identifier nor as a substitute for a business registry. Its purpose is to enable […]
How LEI Works in Practice in the EU
Why LEI Is Not Just a Formal Requirement Many companies first encounter the LEI code when a bank, broker, or another financial service provider tells them they need one. The requirement often feels like another formal step before a transaction can move forward. From a company’s perspective, the LEI may seem like just a number […]
Cybersecurity Starts With Business Identity
Cybersecurity does not start with technology, but with trust Cybersecurity is often described as a technical challenge. Firewalls, access controls, monitoring systems, and incident response tools tend to dominate the discussion. While these measures are essential, they are not where cybersecurity truly begins. In practice, it starts much earlier — at the moment an organisation […]
LEI registration required documents
Are documents required to apply for an LEI code? In most cases, companies can register an LEI code without submitting any documents. The process is fully digital and relies on official business registers. When a company appears in a public register and a person with registered signing authority submits the application, the system verifies the […]
LEI statuses explained
Why the LEI status matters as much as the LEI itself The LEI code is used to uniquely identify legal entities in the global financial system. However, having an LEI alone does not provide the full picture. Just as important is the LEI status, which indicates whether the data linked to the LEI can be […]