Distributed ledger technology (DLT)
Distributed ledger technology (DLT) may improve traceability of transactions on a cross-border basis, and even global scale, making identity verification easier.
It may speed up the customer due diligence process, as consumers can authenticate themselves.
They can even be automatically approved or denied through smart contracts that verify the data.
DLT continue to pose challenges from an AML/CFT perspective as they are decentralized in nature and enable un-intermediated peer-to-peer transactions without any scrutiny
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