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

[Ian Miller]

At 17:14 +0000 16/3/03, Jeremy Barker wrote:
>The Money Laundering Regulations date from 1993.  They only demand proof of
>identity, NOT proof of address.  The more recent Money Laundering Regulations
>simply extend the scope of the existing regulations to cover the bureaux de
>change and the like.
>
I have had three different banks, all present me with essentially the same
requirements and all of them told me that it wasn't their doing, they were
just obeying orders.  They also said that it was new.  They all required
what they described as "proof of address".

I don't know whether this is a change in the law, or a change in the way
the law is being enforced, or a new code of practice.  However I do know
that all banks I have been through this with are all singing the same new
tune.

Ian

--
Singularis Ltd, 32 Stockwell St, Cambridge, CB1 3ND
Tel:  +44 1223 525088	            Mobile: +44 777 5536663
Fax:  +44 870 0514333	 (e-mail preferred to Fax)