Enforcement Actions for U.S. Sanctions Violations Offer Lessons for Compliance – a new Alacra Compliance Primer

Barbara Keller, CAMS, CFCS, and former Deputy Associate Director for Compliance and Enforcement for FinCEN, has written a new Alacra Compliance Primer which details the evolution of several of the most significant cases of U.S. sanctions violation cases, some of which also included penalties for AML violations. Recent actions have been taken primarily against foreign banks […]

More LEI Fun Facts

Wimbledon The All England Lawn Tennis Club (Championships) Limited has an LEI.


By |June 3rd, 2014|Alacra, Financial Regulations, Legal Entity Identifiers, Posts|

Waning Interest in Legal Entity Identification?

I would have thought with all the webinars, conferences, regulatory discussions and new reporting mandates the interest in LEI and legal entity identification in general would be increasing.  Not according to Google Trends.

Legal Entity Identifier interest over time:

LEI Interest over time

Cross –Referencing Entity Data for a Client-Centric View of the Enterprise

A-Team Group just published an Industry Briefing focusing on entity identifier mapping as a key component to achieving a single view of the customer for financial institutions.  “Single view” is critical for complying with many different regulations in different jurisdictions.  It is also critical for risk reduction, cost reduction and more effective cross-selling programs. Alacra […]

By |May 22nd, 2014|Alacra, Know Your Customer, Posts, Reference Data|

Inside the LEI – Part III

Over 270,000 entities have been assigned an LEI yet the Central Operating Unit, the body that is supposed to provide guidance to the LOUs still does not exist. So the universe of entities that have LEIs is a mish-mash of US and European funds and other businesses that have little rhyme or reason.  This edition […]

A-Team’s Data Management Summit

On Tuesday, at the A-Team’s Data Management Summit, I was on a panel titled Beyond Dodd-Frank: Managing Entity Data with the Global LEI.  My co-panelists were Scott Preiss of CUSIP Global Services, Ron Jordan of DTCC and Mark Alvarez of Interactive Data Corporation.  Sarah Underwood of A-Team Group was the moderator.

Highlights of […]

Eggs, Bacon and Regulation


Chris Skinner, Chairman, Financial Services Club

On Tuesday in London, Alacra and our content partner CounterpartyLink hosted a breakfast meeting called Eggs, Bacon and Regulation.  Chris Skinner, chairman of the Financial […]

LEI: Stronger Foundation Needed

It might seem crazy to argue with SIFMA president and CEO Kenneth Bentsen Jr. writing to Treasury Secretary and FSOC Chair Jacob Lew advocating a wider regulatory mandate for Legal Entity Identifiers, but here goes.

Of course a wider regulatory mandate will increase and accelerate adoption.  If regulators worldwide grabbed their sticks and lightning bolts […]

Robust Onboarding is Key to Customer Classification Compliance Under MiFID, FATCA and EMIR

As the push for transparency continues to evolve under MiFID, FATCA and EMIR, robust onboarding practices that comprehensively capture key attributes of each client, owner and counterparty will be needed to meet reporting requirements for customer classification.  These regulatory schemes nudge existing AML/KYC systems into the realm of tracking client sophistication and understanding the […]

Positive Developments on Beneficial Ownership

It is widely accepted that illicit actors continue to create legal entities, masking beneficial ownership information in order to facilitate access to the financial system and conduct financial crimes. A number of developments have recently occurred that may help the United States make progress on requiring the identification of beneficial ownership of businesses […]