From: whitely525@yahoo.co.uk
Newsgroups: uk.finance
Subject: Re: Lenders wanting utility bills (Know Your Customer)
Date: 14 May 2006 11:17:57 -0700
   posting-account=AUXwog0AAABIH84t1tiwGGc-zyjT0LEw

>You are right that the banks ask for too much info.
>But they don't like it either.  They are doing it because
>they have been told that they have to, on the pain of
>a large fine which in one case reached seven figures

When these regs first came in there was an element of banks
been over-zealous, probably to make people complain.

The ironic thing is that just at the point when people got used
to this system...it was recently proposed to dilute the identity check
requirements.

The amazing thing is how difficult it can be to *pay* a utility Co.
without id checks.  Soon you'll need to provide a DNA sample
to pay the gas bill, electric bill, join Blockbuster video etc..