Legal Entity Identifiers (LEIs) and payments
As we stand today, there is no single Legal Entity Identifier (LEI) that can be used around the world to identify an individual or business. Here are some of the issues presented by its absence: • A UK company registered at Companies House has a unique company number but a company registered in another country could easily have the same number; and • UK citizen holds a unique National Insurance number but a citizen in another country could easily have the same number. Therefore, when tr
