AML - money laundering prevention with LEI code- AML
All counterparties to OTC derivative transactions defined under OSC Rule 91-507 must have an LEI

News – AML

Regulatory Use of Legal Entity Identifiers. The LEI Regulatory Oversight Committee (LEI ROC)

The potential regulatory benefits associated with a global framework for financial transactions was recognised as early as 20 years prior to the 2008 financial crisis. Prior to the implementation of the Global LEI System, each country was responsible for implementing their own framework to track financial transactions. The ad hoc nature of the previous system […]

When do you need a Legal Entity Identifier?

The use of LEIs within Canada is mandated by the Provincial Governments. LEIs have been compulsory in Manitoba, Ontario and Quebec since October 31, 2014 and across all other provinces and territories since July 2016. Legal entities that trades in debt securities have been required to report the trades to the relevant body within their […]