Tackling Corporate Fraud: How the vLEI Creates Tamper-proof and Trusted Documents

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Corporate fraud is a major problem that costs the global economy billions annually. CFOs, accountants, treasurers, and professionals with fiscal responsibilities need to be able to quickly and easily verify the integrity of third-party documents and reports, to protect against many different types of fraud against businesses. In today’s digital world, trust can no longer be established with just a handshake or a paper-based signature.

GLEIF's verifiable LEI (vLEI) is a powerful tool in the fight against fraudulent reporting, data-sharing and transactions. The vLEI cryptographically signs documents, such as financial records or ESG reports, ensuring their authenticity and source. This technological innovation provides absolute data assurance, enabling significant and sensitive documents to be signed and sealed, so they become tamper-proof.

GLEIF's chair, CEO, and auditor signed GLEIF's 2023 annual report with the vLEI, to demonstrate its effectiveness in confirming and sealing a document’s contents. Multiple vLEI signatories add further credibility. The vLEI truly revolutionizes existing approaches to document verification.