AML - money laundering prevention with LEI code- AML
From 1 April 2019, market participants are required to comply with ASIC Derivative Transaction (Reporting) Rules (F2015C00262)

News – AML

When do you need a Legal Entity Identifier?

ASIC has been increasing supervision over the Australian Derivatives market over the past years. In 2013, they introduced the ASIC Derivative Transaction (Reporting) Rules (F2015C00262), which require counterparties to OTC derivative transactions to identify the various parties (except individuals) to the transaction. This can be achieved via several mechanisms, of which an LEI code is […]

Regulatory Use of Legal Entity Identifiers. The LEI Regulatory Oversight Committee (LEI ROC)

The potential regulatory benefits associated with a global framework for financial transactions was recognised as early as 20 years prior to the 2008 financial crisis. Prior to the implementation of the Global Legal Entity Identifier (LEI) System, each country was responsible for implementing their own framework to track financial transactions. The ad hoc nature of […]