Last year, HM Treasury committed to reviewing and updating the Money Laundering Regulations (MLRs) as part of a broader initiative to combat money laundering, outlined in the Economic Crime Plan. Digital ID has the potential to be a transformative enabler for the financial services sector - supporting remote onboarding, streamlining KYC checks, and reducing the burden of compliance for regulated entities. It’s already technically possible and legally permissible, but more needs to be done to make digital ID a trusted and embedded component of AML processes.