'The Laundry' podcast: Is LEI a game-changer for AML?

David Silverman, the CEO of Global Finreg, recently appeared on the "The Laundry" podcast. Have a listen and hear him explain the Legal Entity Identifier (LEI) system, how it can help with Know Your Client (KYC), Anti-Money Laundering (AML), M&A, and even risk assessment. He also talks about vLEIs and how they are going to be a game changer for blockchain integration and crypto assets.

As David was doing his interview on ‘The Laundry’, he was reminded of what it was like to live through the financial crisis in New York in 2008. It was a turbulent time, to say the least. The need for a global business identifier (aka LEI) became imminent in the wake of the crisis and Lehman Brothers’ collapse. An LEI ensures that you know exactly who you’re doing business with, who owns who, and who’s the direct and ultimate parent company. It’s the best way to identify the global connections of companies, and to ‘follow the money’ across borders.

You can listen to the podcast by clicking on any of the below links:

Spotify Link

You Tube Link

Apple Podcast

Legal Entity Identifiers (LEIs) provide the transparency within entity structures that was lacking in 2008. At Global FinReg, we want to help figure out how to use this system to protect our industry and expand the business possibilities.