7 ms·

I recently had, twice, to do stuff WAY more intrusive. Video/conf call, need to hold my passport, need to have my phone on hand... People on the other side woul

I recently had, twice, to do stuff WAY more intrusive. Video/conf call, need to hold my passport, need to have my phone on hand... People on the other side would call me on my phone to verify it's my number and they'd also send me a SMS with a code to verify on that phone. After that they have: my face, copy of my passport, my voice, my phone number, my IP (unless I'm really going out of my way to obfuscate it), my email, etc. Once I did this, then the series of documents to sign using Docusign came in. That was the most serious KYC/AML I've ever seen. I don't like it much but I gotta say: I can definitely see how it raises the bar for would be scammers/impersonators.

cantrevealname 5y ago
You said it happened twice. I haven't yet had to face this level of intrusiveness, but I fear that it's coming for all of us. May I ask what companies these were? If you don't want to name the exact companies, could you say the general purpose (opening a bank account, buying or selling real estate, incorporating a business, etc.)? Also, which country (I'm assuming the U.S.)?
- riknox 5y ago
  Not the OP but I had to do this when opening a bank account in Germany.
  - tracedddd 5y ago
    That’s about the only time I’d find something like this reasonable.
huhtenberg 5y ago
Until these people are breached and someone takes out a mortgage in your name using all these lovely personal details.