[Finance] Proof of ID

[Paulie Gualtieri]

A company called SmartSearch.

I agree with your comment about seeming OTT for taxation advice - I'm not investing or making a financial transaction

Smartsearch are well known in my field and as others have said they will only keep the data / images whilst there’s a legal need. Most allow the client 30 days to download before removing from their systems as there’s no legitimate purpose for smart search to hang on to it.

Seems overkill but not suspect

 

[Lyndhurst 14]

Smartsearch are well known in my field and as others have said they will only keep the data / images whilst there’s a legal need. Most allow the client 30 days to download before removing from their systems as there’s no legitimate purpose for smart search to hang on to it.

Seems overkill but not suspect

Thanks

 

[Lyndhurst 14]

Sorted it out in the end with a simple video call to the company showing my passport.

 

[Mellotron]

KYC rules/best practice has continued to tighten.

This.

I work in the financial services industry and the expectations on ID and anti-money laundering are way higher/more stringent than even just a few years ago.

 

[dazzer6666]

Seems over the top for taxation advice.

Assuming you haven’t met them face to face as the selfie element of the check in financial services mitigates fraud in that they can evidence the ID was supplied by the genuine party rather than a genuine ID being used dby somebody else.

Who’s the third party, I can at least give a view on their credibility having worked in FS financial crime now for 25+ years if you have any concerns?

With tax evasion being a criminal offence, any accountant giving tax advice is captured by the full weight of CDD requirements…….

 

[maltaseagull]

I wanted some taxation advice from an accountant. They asked for a copy of my passport and a utility bill as proof of ID. Seems pretty standard so far to comply with anti money laundering laws. I sent them copies of the documents and they are now requesting an additional ID check which involves sending a copy of my passport and a selfie to a specialist 3rd party who will use facial recognition software to check authenticity. This seems really OTT especially as no financial transactions or investments are involved, just some taxation advice. I've had many times when I've needed to prove ID and a copy of a passport or driving licence has always sufficed. Any NSCers have any experience of this sort of thing.

Seems OTT to me..
Revolut check your I'd with a selfie and photo ID in minutes and they do financial transactions.

 

[Paulie Gualtieri]

With tax evasion being a criminal offence, any accountant giving tax advice is captured by the full weight of CDD requirements…….

Knew the failure to prevent tax evasion requirements came in for us a few years back as we have to risk rate every customer separately on this point but didn’t realise it extended to informal advice, makes sense in a way!

 

[Del of Albion]

I’ve recently purchased a new sofa and was paying by Amex. Asked for proof of ID before finalising the deal. Was told new money laundering rules…..