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Cut back bureaucracy associated with Money Laundering Regs.

1 Comment 2nd July 2010

Do away with the need to provide multiple identification when carrying out certain financial transactions of a low value (say under £3,000) other than in opening a bank account, or  form of account or investment that may be added to in the future.

Why does this matter?

The Money Laundering Regulations are too tight and cause unneccessary complications (with a cost element) when going about everyday business, such as consulting a solicitor, taking out car insurance etc. They also cause restrictive use of online services.

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One Response to Cut back bureaucracy associated with Money Laundering Regs.

  1. colin maggs says:

    I support this initiative completely

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