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Cape Talk podcast: Proof of Address must fall

Cape Talk podcast: Proof of Address must fall

December 11, 2018    

This week Barry Cooper joined the John Maytham show on Cape Talk Radio to discuss why proof of address must fall.

We argue for the removal of proof of address as a key requirement for more effective consumer due diligence. Under the risk-based approach and with the advent of new technology, there are a multitude of innovative and robust ways to identify customers on a risk-sensitive basis. Ultimately, this will reduce one of the barriers to formal financial services for consumers and reduce money laundering.

Read the full blog here or listen to the podcast below.