Most of this money laundering (rule) is a waste of time and resources, and has now taken on a life of its own.
I expect the (real) money launderers to have the easy ability to concoct false docs and I expect Life Company /bank etc to accept Id that (looks) ok ,in good faith.
Its a bit like the false security around flying .!
Hi Steven
"compliance depts make the rules these days." But shouldn't compliance requirements be as per the AML legislation? I can find no reference to a change of address being subject to AML requirements
Bedlam
If you wanted to subvert the legislation by setting a false trail for the Gardai?Hi Tommy,
Fair point, but why I would I bother notifying a company of a change of address if I hadn't changed address?
Well speaking as someone who has worked on the other side I can say that it most definitely works.
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