About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

GLEIF and Open Ownership Collaborate on Beneficial Ownership Data to Fight Financial Crime

Subscribe to our newsletter

The Global LEI Foundation (GLEIF) and Open Ownership, provider of a beneficial ownership database funded by donors including government agencies, have collaborated to integrate Legal Entity Identifiers (LEIs) into Open Ownership datasets produced in line with the Beneficial Ownership Data Standard (BODS), an open standard providing guidance on collecting, sharing and using high-quality data on beneficial ownership.

The goal of the collaboration is to promote greater transparency in corporate ownership and control to support safer, faster, and more efficient payment activities globally and a more secure financial landscape. It does this by enhancing the usability of beneficial ownership data by allowing Open Ownership’s database to be mapped to other datasets using the LEI.

The partners suggest the collaboration also has potential to improve screening processes and enhance support for anti-money laundering (AML), counter-terrorist financing (CTF), customer due diligence and sanctions enforcement efforts globally.

The Open Ownership database includes over 27 million beneficial ownership records for 9.6 million companies globally and makes the data openly available. The data is reconciled with the Open Corporates database that contains public data sourced from national business registries in 140 jurisdictions.

“This open data initiative is an important step towards addressing financial crime,” says Stephan Wolf, CEO at GLEIF. “Publicly available, high quality and electronically accessible company data is the foundation on which to combat illicit finance and address hidden risks in financial markets and global supply chains. The LEI is a key data connector that enables critical data sets to be matched. By linking it to beneficial ownership information its value increases.”

Stephen Abbott Pugh, head of technology at Open Ownership, adds: “By building on the mapping of OpenCorporates IDs to the LEI, and including the identifier alongside OpenCorporates IDs and national identities within the Open Ownership database, we can do more to disambiguate entities and extend opportunities for data users to connect our beneficial ownership data with other datasets.”

In addition to providing OpenCorporates to LEI mapping, GLEIF has also certified mapping relationships between S&P Global’s Company ID, SWIFT’s Market Identifier Code (MIC) and Business Identifier Code (BIC), and the Association of National Numbering Agencies’ (ANNA) International Securities Identification Numbers (ISIN).  Using the LEI, users of the Open Ownership data can now move across this web of identifiers to access further information on securities issuances or market listings of legal entities.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

EU Data Act + DORA: Cloud Exit & Portability for Financial Services

From 12 September 2025, the EU Data Act’s cloud switching regime starts to apply, turning “cloud exit strategy” for risk, compliance and tech leadership, into an audit ready operational control with specific notice periods, timelines, assistance duties and a phased ban on switching fees. The Data Act requires providers of “data processing services” (e.g., cloud...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...