Anyone know more about this BT "uk identity verification" scheme?

[Kieran]

On Thu, 6 Mar 2003, Ken Brown wrote:

> Roland Perry wrote:
> >
> > In message <3E6718B8.ACCE61AF@ccs.bbk.ac.uk>, Ken Brown
> > <k.brown@ccs.bbk.ac.uk> writes
> > >The utility bill establishes a reputation. And
> > >that's all the bank care about really.
> >
> > I'm not so sure. These are money-laundering requirements, which crop up
> > in the context of proving your identity.
>
> But they aren't the bank's requirements. From their POV they are just
> overheads.
>
I believe the banks face fines of the order a million quid if they're
found to have not met the money-laundering rules.  Bank of Scotland
got hit hard fairly recently, if my memory is correct.

I'd imagine that any ambitious branch manager will ensure that doesn't
happen on his watch.  I know I would.

Regards

Kieran