LEIs (Legal Entity Identifiers) to Combat Business Identity Fraud catchthatstory.com

LEIs (Legal Entity Identifiers) enhance business security by combating identity-related fraud and improve transparency in transactions. The integrity of financial transactions is fundamental to the stability and trust in the global economy. However, the rise of digital platforms has brought about an increase in identity-related fraud, posing significant risks to businesses and financial institutions. One effective measure to combat this threat is the implementation of Legal Entity Identifiers (LEIs).