Fraud is forcing a new Organisation Identity layer
For much of the past decade, fraud was treated primarily as a private sector problem. Banks, payment service providers, and corporates were expected to absorb losses and manage risk within their own systems. While regulators set high level expectations, fraud itself was largely framed as an operational challenge rather than a structural weakness in the […]
Verification of Payee & LEI: EU Instant Payments Regulation 2025
What EU banks need to know ahead of the October 2025 Instant Payments Regulation deadline On 9th October 2025, the EU Instant Payments Regulation (IPR) comes into effect for all Eurozone payment service providers (PSPs). At its core is the Verification of Payee (VoP) requirement: banks must confirm that a beneficiary’s name matches the IBAN […]
The FATF & LEI Series: KYB just got easier – enhancing client onboarding with the LEI
Know Your Business (KYB) is an essential part of client onboarding, required by regulations, internal policy and of course to minimise risk. Yet it remains one of the most time-consuming, resource intensive and inconsistent compliance functions. Manual processes, reliance on disparate entity data registries, and unreliable documentation all contribute to inefficiency and risk. Standardising legal […]
The FATF & LEI Series: FATF and “beneficial ownership”. How LEIs help
Beneficial ownership transparency is a cornerstone of FATF’s efforts to support anti-money laundering (AML) counter-terrorist financing (CTF) efforts. FATF Recommendation 24 specifically focuses on ensuring that accurate and up-to-date information on the ownership and control of legal entities is available to authorities. However, for compliance teams, identifying beneficial owners across borders and through complex legal […]
The FATF & LEI Series: Understanding FATF Recommendation 16: what Compliance Teams need to know
FATF’s Recommendation 16, known as the Travel Rule, is a critical piece of the international anti-money laundering guidance. It mandates that originator and beneficiary information must accompany certain types of financial transactions, especially cross-border transfers. While the intention for traceability and transparency in global finance is clear, implementation is not always straightforward. This blog explains […]
The FATF & LEI Series: why FATF Compliance needs to get Smarter
Global financial crime continues to evolve, prompting regulatory bodies like the Financial Action Task Force (FATF) to strengthen compliance expectations. As complexity increases, effective compliance initiatives such as integrating the Legal Entity Identifier (LEI) have become essential. FATF’s expanding role The FATF has long served as the global authority in combating money laundering, terrorist financing, […]