When people commit crimes there is usually one main motivation – money. Whether a small scale burglary or a huge criminal organisation, this is a big motivator for criminals and obtaining it is something that many will stop at nothing to do.
For large criminal organisations such as those that are involved in the buying and selling of illegal drugs, once they have the money, they will know that they need to make it look as though they have come by it legally, so that they are less likely to be caught for their actions – this is known as money laundering and is a big problem all around the world.
One of the main targets for criminals who are wanting to clean their money is of course a bank. They may well open a bank account in a fake name or give an address which isn’t theirs, so this is where banks are required to check everyone who wants to open a bank account. Using AML ID Verification like this w2globaldata.com/an-idiots-guide-to-aml-kyc-id-verification/ is one of the ways that a bank will check someone is who they say they are, which makes it more difficult for criminals to be able to operate.
When you go to open a bank account, you will be required to provide ID such as your passport or driving licence to say who you are, as well as information that proves where you live.
