Due diligence processes involving Swiss companies is anticipated to become easier with the integration of the Alpine nation’s corporate identification codes with Legal Entity Identifiers (LEI).
A direct URL link will be added to the LEI records of entities listed within Switzerland’s standardised business identification number (UID) register. The Global Legal Identifier Foundation (GLEIF), which issues LEIs, said this would enable “easy one-click access to each entity’s official verified registration data and associated documentation on the UID register website”.
The link-in initiative would make processes such as know your customer and know your supplier easier, GLEIF said.
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