Electronic ID systems needed to combat money laundering, says survey of UK firms
NOTTINGHAM, ENGLAND -- UK financial firms need to adopt the latest electronic means of proving customer identity in order to combat the growing problem of money laundering. That was the conclusion of a survey issued in February that noted the use of forged identity documents for money laundering is widespread.
But the survey showed the financial services industry continued to rely heavily on passports, driving licences and bank statements -- all of which are easily forged -- as proofs of
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