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 operate smoothly in the financial system need to prove who they are — quickly and reliably. The LEI code is one of the most practical tools available for exactly that purpose. AML (Anti-Money Laundering) is the regulatory framework that requires businesses in financial and other sectors to identify their customers, monitor transactions, and report suspicious activity. The underlying logic is straightforward: when every party to a financial transaction carries a reliable identifier, it becomes much harder to move illicit funds through the system undetected. Until

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 new account. The payment is made. A week later, the real supplier calls asking why the invoice is overdue. By then, the money is gone. This is not a hypothetical scenario. It happens to businesses around the world every day. Payment fraud does not only affect banks or investment firms. It affects every company that pays suppliers, settles invoices, or receives payments from clients. And one of the most practical tools available to counter it is the LEI code, something most ordinary businesses have never

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 similar instruments, EMIR applies to you regardless of whether you are a financial institution or an ordinary business. The regulation is broad by design. After the 2008 financial crisis, regulators across the G20 agreed that derivatives markets needed far greater transparency. EMIR was the EU’s answer to that commitment. What Is EMIR and What Does It Require The EU adopted EMIR in 2012 to increase transparency in the European derivatives market and reduce systemic risk. The 2008 financial crisis exposed serious weaknesses in derivatives markets.

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 a Preferred Partner? RapidLEI works with dozens of registration agents across the globe. However, only four of them carry Preferred Partner status, and LEI System OÜ joined that group in May 2026. Earning Preferred Partner status means that RapidLEI has evaluated LEI System’s trustworthiness, regulatory compliance and service quality so highly that it has chosen to recognise us separately. As a result, LEI System gains greater visibility in the RapidLEI partner directory and closer collaboration and support. In short, it is a distinction awarded by

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 a technical upgrade. The new format brings a growing demand for structured, machine-readable entity identity data, and the LEI code has a clear role in that picture. What Is ISO 20022? ISO 20022 is an international financial messaging standard. It replaces older formats such as the SWIFT MT messages that banks used for decades. The difference goes beyond the technical. Each payment now carries far more structured data, including precise information about the payer and the payee, reference numbers, and fields that matter for regulatory

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. That is where the LEI code comes in. What Is MiCA and Who Does It Cover? MiCA was adopted by the European Parliament in April 2023 and entered into force in June 2023. It rolled out in two phases. The first phase, effective from 30 June 2024, covered asset-referenced tokens (ARTs) and e-money tokens (EMTs). The second phase, effective from 30 December 2024, extended the framework to all crypto-asset service providers, referred to as CASPs. A CASP (Crypto-Asset Service Provider) is any legal entity that

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 both individuals and legal entities. KYB is more specific: it focuses on legal entities in particular. The core question is not only who the individual is, but what the company actually is, who owns it, and who acts on its behalf. KYB emerged in response to a clear regulatory gap. For decades, individual identities faced strict scrutiny, while companies operated under much weaker requirements. As a result, legal entities became a vehicle for concealing money laundering, terrorist financing, and other financial crime. In Europe, regulators

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 these cases, one shared requirement exists: the AI system needs accurate, verified information about who it is dealing with. This is exactly where the LEI code becomes essential. What does AI actually need from business data? AI is only as good as the data it relies on. This principle is especially true for business identity data. Consider a simple example: “Volkswagen AG”, “Volkswagen Aktiengesellschaft”, and “VW Group” all refer to the same company. However, to a machine, these look like three completely separate entities. Furthermore,

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 January 2025. DORA addresses a specific gap in EU financial regulation. Before DORA, financial institutions managed operational risk primarily by setting aside capital. However, that approach did not adequately cover ICT-related disruptions, which can affect many institutions at the same time when a shared technology provider fails. Therefore, DORA introduces a uniform framework across the EU for ICT risk management, incident reporting, operational resilience testing, and oversight of third-party technology providers. Who Must Comply with DORA? DORA applies to two main groups of organisations involved