POINTLESS ID CHECKS

摘要

So it now turns out that Colonel Gaddafi owned over ￡1 bn in UK properties. I am sure that for each purchase, the estate agents, solicitors and banks carried out the requisite money laundering ID checks. It neatly illustrates the pointless nature of the money laundering ID checks that we have to slavishly undertake. Having a piece of paper that says the client looks like the person in front of you and lives where they say they live is never going to prove anything about money laundering.