The IS discourse on the potential of distributed ledger technology (DLT) in the financial services has grown at a tremendous pace in recent years. Yet, little has been said about the related implications for the costly and highly regulated process of compliance reporting. Working with a group of representatives from industry and regulatory authorities, we employ the design science research methodology (DSR) in the design, development, and evaluation of an artefact, enabling the automated collection and enrichment of transactional data. Our findings indicate that DLT may facilitate the automation of key compliance processes through the implementation of a "pull-model", in which regulators can access compliance data in near real-time to stage aggregate exposures at the supranational level. Generalizing our preliminary results, we present four propositions on the implications of DLT in compliance. The findings contribute new practical insights on the topic of compliance to the growing IS discourse on DLT.