DTCC Snaps Up Assets as CounterpartyLink Folds
Legal entity solutions provider tells clients in letter that it has ceased operations
The Depository Trust and Clearing Corporation (DTCC) has confirmed that it is to acquire certain assets and the intellectual property of CounterpartyLink (CPL), which has gone out of business.
CPL was a global legal entity source for KYC-relevant financial information. The company had some 80 customers, for which it provided research and maintenance of legal entity data for know-your-customer and anti-money laundering regulation.
The DTCC confirmed in a statement to Inside Reference Data "that
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