Author(s): Evangelia Pappa*, Panagiotis Georgitseas, Georgios Tantis
In recent years, numerous financial institutions are investigating ways to improve the efficiency of handling data as they struggle to comply with new and impending regulations. By doing this, they hope to reduce the risks associated with improper data analysis and stop malicious activity from going unnoticed. One specific kind of technology that could supplement or even replace the existing AML/KYC processes is distributed ledger technology, or DLT which is more commonly known in the context of blockchain.