LEIs Integrated Into Beneficial Ownership Data-Sets to Provide Greater Transparency on Corporate Ownership in Support of the Global Fight Against Financial Crime
GLEIF and Open Ownership collaborate to allow easy identification of corporate beneficial owners and controllers by facilitating mapping to datasets, such as sanctions, watch and politically exposed persons lists.
A collaboration between GLEIF and Open Ownership has resulted in Legal Entity Identifiers (LEIs) being integrated into datasets produced in line with the Beneficial Ownership Data Standard for the first time. The goal of the collaboration is to promote greater transparency in corporate ownership and control in support of safer, faster, and more efficient payment activities globally and a more secure financial landscape. It does this by enhancing the usability of beneficial ownership data, by allowing Open Ownership's database to be mapped more easily to other datasets globally through use of the LEI, in addition to Open Corporate IDs and national business identifiers already contained within the database.