Money Laundering

Dora_the_Explorer_5

Can anyone throw any light on this?
If the owner(s) of a house wish to sell it and they don't have either a passport or driving licence but do have bank and utility bills less than three months old, what happens when their conveyancing solicitor tells them a copy of a passport or driving licence is required under the Money Laundering Regulations?

Thanks in advance -

Joe_Bloggs

I am without any photo ID at present. I recently used tax code notification from HMRC (Once known as Inland Revenue) as proof of identity. Proof of residence is easy. A birth cerificate is considered useless as are any details on it. Blame genealogists for this and intransigence of the govererning authorities for not monitoring who requests certificates.
Proving you are the same person as in the photo is an obvious step. Who is entrusted with verifying that the photo matches the ID ? Answer, anybody who has known you for two years and is prepared to say so.
J_B. (Well done Lord Carlile. Top marks for honesty)

distilled

Its a complete and utter nonsense. We in the new homes industry need to ask for this ID when taking a reservation. This bloody country has gone mad!

Woby_Tide

we'd be moaning if we then got implicated in a money laundering scam. It's awkward legislation but it's part of a bigger picture of what it's attempting to halt

claz

my partner and i are purchasing a property, after finally getting the mortgage through after i think the mortgage company asked for every piece of paper under the sun i then went to the solicitors and found that we would have to produce the same id again

eventually the solicitor checked with the law society exactly what was acceptable and what was not and my partner had to provide the following:

1. Paper driving license.
2. two sets of bank statements (living at home he had no utility bills)
3. Letter from a cashier at the bank basically saying his name DOB and address and that she has asked him a number of security questions and she is satsfied that he was who he said he was

hope this helps, tell the solicitor exactly what id you have and then get him to check if you need anything else.

pin

The standard requirements are the following:

1 Proof of ID and 2 proofs of address.

The proof of ID should normally be a passport or national ID card (i.e. can't accept UK photo driving licence).

The proofs of address should be from two different providers and must be within the last three months and should (naturally) show the address of the person corresponding to the ID proof. Proofs can include utility bills, credit card statements, bank statements or local authority tax bill (however can accept other forms, it is a fluid list).

This is how we would define money laundering requirements in the places I have worked in the past (and the place I work at present).

Barney088

I'm sure there is a law that gives you right to access tha banking services, you don't need passports etc. However, you will need a friendly policeman or doctor or similar that knows you for a period of time to confirm you are who you say you are. Obviously money laundering is a major issue and designed to fight crime, it is not designed to prevent you from accessing financial services, as with everything, there is usually a way round it. Not easy, but there is a way to prove who you say you are I'm sure.