By law, all banks, building societies and other businesses providing financial services have to check the identity of anyone who wants to open an account or buy any financial product/service from them. This is one of the procedures that they have to undertake under the Money Laundering Regulations to stop criminals from using them to launder money.

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Notes

1. Single copies of this leaflet are available, free of charge, by contacting Simon Rex. Multiple copies are available to order from UK Finance www.ukfinance.org.uk Tel: 020 7216 8900

• This document is tagged with:
• Fraud prevention