Global Financial Integrity

 

Archive for April, 2016

Getting a Global Legal Entity Identifier Number is as Easy as L-E-I

The global community recently began implementing a system of transparent, open source ID numbers—Legal Entity Identifiers (LEI)—to help companies, regulators, investors, and the public see how parent and subsidiary companies are related. Global Financial Integrity has been supportive of this corporate transparency tool, and I participated in the early stages of creating the new global LEI system. To test out and demystify the new system, I decided to have GFI register to get its own LEI number. Ten minutes and US$219 later we were done, and now I’m going to explain just how easy the process was.

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Panama Papers Prove Law Enforcement Right on Beneficial Ownership

“ICE has long recognized the misuse of corporations and limited liability companies (LLCs) formed under State law as a serious threat to the ongoing effort to combat international criminal activities. The lack of corporate transparency has allowed...

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