Customer due diligence means taking steps to identify your customers and checking they are who they say they are. In practice this means obtaining a customer’s:
name photograph on an official document which confirms their identity residential address and date of birth The best way to do this is to ask for a government issued document like a passport, along with utility bills, bank statements and other official documents. Other sources of customer information include the electoral register and information held by credit reference agencies such as Experian and Equifax.
Those comments on the page you link to are just the Generic guide.
However, as Monzo applicants are not physically present you must carry out “enhanced due diligence”. Which may include:
• obtaining further information to establish the customer’s identity
• applying extra measures to check documents supplied by a credit or financial institution
• making sure that the first payment is made from an account that was opened with a credit institution in the customer’s name
• finding out where funds have come from and what the purpose of the transaction is
There is also ‘sector specifc guidance’ for banks and other money service businesses which is to be followed and there is a link on that page to where the sector specific guide can be downloaded.
Your view is an opinion not a fact, though equally valid it is just one way of looking at the issue.
I stuck to facts. It had been said in one post that Labour had muted the idea of cards when in fact they had actually introduced them. I clarified that point by providing correction.
While I stated that the new government abolished the card when they took over the country, which is what happened, it is your post that is the one trying to make it party political
That’s basically what a passport and driving license are but they cost money . No one should have to pay for the right to identify themself to the bureaucratic system that issues the identities and requires them
. No one should have to pay for the right to identify themself to the bureaucratic system that issues the identities and requires them 