Right now, data validation and verification is, I would say, an emergent technology. It has also been raised as an issue of concern among the countries that are implementing publicly accessible registries. When the U.K. first implemented the Companies House registry in 2016, one of the biggest criticisms was that the data was not verified. That hindered the ability of law enforcement and competent authorities to carry out investigations, and it made the data quite risky for reporting entities that had due diligence obligations. The tool itself was useful, but without verifying or validating data—
On May 16th, 2022. See this statement in context.