Like our popular “Inside the LEI” series, Alacra’s latest Reference Data Alert goes “Inside the GIIN” to detail this identifier and the universe it covers.
The GIIN or Global Intermediary Identifier Number is issued by the IRS to foreign financial institutions (FFIs) as part of the […]
Like our popular “Inside the LEI” series, Alacra’s latest Reference Data Alert goes”Inside the GIIN” to detail this identifier and the universe it covers.
The GIIN or Global Intermediary Identifier Number is issued by the IRS to foreign financial institutions (FFIs) as part of the Foreign Account Tax Compliance Act (FATCA). The goal of FATCA is […]
In the world of KYC, Google has become a ubiquitous component of client onboarding, CDD, EDD and Vendor Due Diligence best practices. Searches are often written once and then enshrined in procedures. As a supplement to checks against traditional sanctions, public record, PEP, criminal record, litigation and specialized adverse media providers, a Google search can reveal valuable, risk relevant […]
11 May 2015, New York & London: Alacra, the leader in client onboarding, reference data and business research solutions, today announced the addition of GIINs (Global Intermediary Identifier Number) to the Alacra Authority File Plus (AAF+). GIINs are issued by the IRS to foreign financial institutions (FFIs) as part of the Foreign Account Tax […]
Banks know many things about their customers.
They know these things for three reasons. The first is that they have to, writes Steve Goldstein. There are many regulations that require a bank to know its customers, primarily to prevent money-laundering and combat the financing of terrorism.
The second reason is to assess risk. Banks need to know […]
by Alan Samuels, VP Reference Data Solutions, Alacra Inc. for Inside Reference Data
GIIN identifiers being issued as part of compliance with US Fatca tax reporting law do not contain enough information, writes Alacra’s Alan Samuels, who offers suggestions on what ought to be done
There is an increasing focus on global intermediary identifier numbers (GIINs), […]
None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier have been realized and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators must mandate the world’s largest financial institutions register or pay them to comply.
Recently, […]
Recent conversations with executives close to the GLEIF (Global Legal Entity Identification Foundation) revealed an underlying conflict in the creation of the LEI database. The LEI registration process and data collection activities are being optimized for three constituencies: the regulators, the registrants, and the Local Operating Units (LOUs). However, a fourth constituency, equal in importance to the other […]
Recent conversations with executives close to the GLEIF (Global Legal Entity Identification Foundation) revealed an underlying conflict in the creation of the LEI database. The LEI registration process and data collection activities are being optimized for three constituencies: the regulators, the registrants, and the Local Operating Units (LOUs). However, a fourth constituency, equal in importance […]
New York – February 18, 2015 – Alacra, Inc., a leading provider of business information solutions for financial institutions, corporations and professional service firms announced the launch of Alacra-On-Demand, a comprehensive research service provided by Alacra’s global team of business information specialists. Alacra-On-Demand provides research and delivery of data and reports from hundreds of […]