On 10 November, a release on Mondo Visione advised that the proposed requirements come against the backdrop of rising impersonation scam cases, and seek to address the risks arising from theft and misuse of an individual’s personal particulars. It is proposed that it would be mandatory for a financial institution to use at least one of the several types of information for non-face-to-face verification, through channels such as phone banking or online banking, before it undertakes any transactions or request from an individual. The consultation closes on 9 December.
The consultation paper is at –
I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y