Legal consequences and changes for LEI in Australia, UK, China

Australia sees its first lawsuit for failing to comply with legal entity verification regulations while the UK mulls more LEI legislation. Meanwhile Liminal issues list of top business verification companies.

Australia has launched its first legal action against a company director for failing to sign up for the country’s director ID scheme.

The compulsory program was launched in 2022 in order to crack down on fraud and mandates that all company directors, including small businesses, verify their identity with the …

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