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Maybe we don't need a unique id at the federal level after all. Financial institutions are already required to follow KYC (Know Your Customer) laws. For this th
by vpeters25 9y ago
Maybe we don't need a unique id at the federal level after all. Financial institutions are already required to follow KYC (Know Your Customer) laws. For this they need a way to validate the identity of the customers they do business with. I guess they already have enough ways to do this without relying on SSN or a potential national id card.
BTW, after the Equifax hack, financial institutions should be mandated to stop trusting SSN as proof of identity.
- dredmorbius 9y agoI'm thinking of the number of government-level identifiers which might be needed / used: * Tax authority (TIN). * Pensions system (e.g., SSN) * Possibly a voting ID, though that's fraught. * Military or national service ID. * State tax ID. * Drivers registration. * Real estate / property ID. * Medical records ID. * Social benefits ID. * Other registrations, e.g., weapons, broadcast licenses, etc.