Why banks run ID checks

When you apply for a bank account, mortgage, loan or credit card, you are subject to an ID check. It’s become a part of the bank, and financial services’ continued existence that they ensure we are who we say we are. It might seem to be a huge imposition to you to provide so many documents and personal details, but there is a very good reason for it. It’s also one of the reasons why Banks and Financial services use providers that can do an AML ID CHECK, like that provided by www.w2globaldata.com/regulatory-compliance-solutions-and-software/aml-id-checks/.

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With the increase of scammers, both physical and online, the Financial Conduct Authority has made it abundantly clear to the UK’s financial services that they have a duty to protect us. As the regulator of the UK’s banks and money providers, it’s their role to ensure that the full implications of financial wrongdoing are stopped as soon as possible.

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This means that we all have a duty to provide the correct information and make sure that what we provide is up to date. We all have to try and protect each other financially, and if you haven’t got anything to hide, then there is nothing to fear from the bank’s requests. The provision of your driving license, passport or a utility bill to get some finance agreed upon is hardly that much to ask, and you should always remember if you don’t provide it, the bank won’t help with your request.


Admin works in Technology development and regularly contributes to blogs around the web with advice, tips, and strategies for business marketing and promotion. Even when he’s not in the office Jake is thinking about new marketing tactics and techniques. He just can’t get enough!

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