Legal Entity Identifier Accessibility: A Survey by the Trade Finance Program
Publication | May 2019
This brief examines the accessibility of the Legal Entity Identifier (LEI) system for developing countries in Asia.
Established in 2014 by the Group of Twenty (G20), the LEI is a unique, electronic, 20-digit standard identifier for legal entities, including financial institutions, corporations, governments, and companies. The brief promotes the uptake of the LEI system as a means to increase transparency in the global economy, thwart money laundering and terrorist financing, and help banks conduct due diligence. It also presents the results of a survey that ADB’s Trade Finance Program conducted to demonstrate that both large and small companies in developing countries can acquire an LEI relatively easily and at reasonable cost.