Business & Finance

/Business & Finance

Steve Goldstein talks Brexit and FinTech with Forbes

Screen Shot 2015-06-27 at 4.04.43 PMEarlier this week in Forbes, Steve Goldstein talks with them about the Brexit impact on FinTech.

“When I started the company 20 years ago, we were in New York and London because that’s where the business was. You could take the subway or […]

Inside the LEI – Issue VIII

As we enter 2016, almost 100,000 of the LEI registrations have not been renewed— meaning that close to 24% of the total LEI universe have lapsed…As issuance of LEIs to entities that are active in the financial markets grows (as evidenced by them being rated, regulated and/or listed) we expect the LEI lapse rate to […]

Alacra Completes Acquisition by Opus Global

New York, NY – October 15th, 2015 – Alacra, Inc., an Opus Global Company, and leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data and other information solutions for regulatory compliance today announced completion of its acquisition by Opus Global, a leading provider of SaaS-based compliance solutions. The transaction was first […]

Opus Global, Compliance and Risk Leader, Acquires Alacra

Adds leading AML, KYC capabilities to leading SaaS-based Compliance Platform

FOR IMMEDIATE RELEASE

New York, NY, Palo Alto, CA – September 30th, 2015 Opus Global, a leading provider of SaaS-based compliance solutions, today announced that it has acquired Alacra, Inc., a leading provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and […]

Interest in LEI is in US

Interest in LEI has plummeted

The Fed Isn’t Really Pushing LEIs…

Last week the Federal Reserve put out a press release announcing a proposal that would seem to mandate the use of LEIs on certain regulatory reporting forms:

The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory […]

Accelerating LEI Adoption – An Idea from the Edge

None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier has been realized, and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators either must mandate the world’s largest financial institutions register or pay them to comply.

Recently, the Global Legal […]

Robust Onboarding is Key to Customer Classification Compliance Under MiFID, FATCA and EMIR

As the push for transparency continues to evolve under MiFID, FATCA and EMIR, robust onboarding practices that comprehensively capture key attributes of each client, owner and counterparty will be needed to meet reporting requirements for customer classification.  These regulatory schemes nudge existing AML/KYC systems into the realm of tracking client sophistication and understanding the […]

Positive Developments on Beneficial Ownership

It is widely accepted that illicit actors continue to create legal entities, masking beneficial ownership information in order to facilitate access to the financial system and conduct financial crimes. A number of developments have recently occurred that may help the United States make progress on requiring the identification of beneficial ownership of businesses […]