Re: Money laundering regulations - anyone applied for a credit card recently?

On Jul 31, 12:13 am, "Matti Lamprhey" <ma...@xxxxxxxxxxxxxxxxxxxx>
wrote:

It's not just the PO. *All* financial institutions - banks, building
societies, etc. - do the same nowadays.

I've applied for my fair share of credit cards in the last couple of
years and never had to provide any of the ML-type documents mentioned
above. When opening bank and savings accounts, OTOH, I have always had
to do so. Perhaps the PO credit card has more to it than meats the aye.


Yes... I believe the PO are trying it on and attempting to collect far
more information than they are required to.

I've already decided that I'll not be providing this level of
information. I really not that desperate for the card.

However for a bit of a laugh, I've written to them this morning
pointing out that the documents they require would have grave
implications for me if misused, and so I'd need proof of *their*
identify as well as evidence that appopriate security controls are in
place wrt to storage and use of this data.

Among other things I've requested that they provide me with:

Certified copies of their company incorporation certificate and those
of any companies acting on their behalf
Audited company accounts for the last 3 years

:)

I'll wait with bated breath :)

--
Peter <X-Files Fan>

.