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Internet threat of false ID

Forged personal documents readily available on websites could fuel fraudulent mortgage applications warn providers.

Money Marketing has seen a website – – that offers credible-looking documents including passports, birth certificates, replacement bank statements and statements of cancellation of debt judgments. A package that includes pay slips, a P60 and references can be bought for £350 from the site.

Lenders do not have a uniform approach to identification requirements for mortgage applicants. Most require a P60 and pay slips but some will ask for further identification.

The FSA is working towards streamlining customer identification. The ID working group recognises electronic verification instead of or in addition to documentary evidence as a useful way of accessing personal information held in one source.


Destini&#39s child

Summer 2001Gary Keyes: We first began to think about an acquisition three years ago, when founding director John Collins retired as chairman of Adams Tingle. As the managing director, I realised that, in order to progress, Adams Tingle needed something more. Regulation around pension selling had created immense pressures on John and further FSA clampdowns […]

What&#39s wrong with this picture…?

The Diary was slightly surprised to read that former Money Marketing news editor Corey Boles was supposedly now writing for the FT&#39s Company & Markets section since we know him to be at Dow Jones. Why did we think this? While cruising the web, the Diary happened upon the press centre at Thinc&#39s website ( […]

Assureweb wins first deal with consumer site

Assureweb has beaten off competition from The Exchange for a deal to provide UK Life Direct with a quotation tool for its customer website. The move is its first step into the direct-to-consumer sector, where The Exchange has a major market share. Assureweb is creating a simple quotation tool that UK Life Direct will license […]

Bamford in plea for unity after yes vote for merger

Sofa chairman Nick Bamford is calling on IFAs who opposed the merger between Sofa and the LIA to support it now it has won the go-ahead from members. Both organisations have voted in favour of the mer-ger and Bamford is asking IFAs who were against the move, such as Harry Katz of Norwest Consultants, not […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


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