What is an Anti-Impersonation Check?
Anti-Impersonation Checks protect individuals from identity fraud, a rising concern considering recent high profile data breaches.
Why are Anti-Impersonation Checks important?
Without Anti-Impersonation Checks an individual is more susceptible to fraud. The biggest risks an individual can face are:
- Long lasting effects on personal finances
- Difficulties to obtain loans and credit cards in the future.
Fraudsters are being more sophisticated, so banks and financial institutions especially are looking to establish 4 tokens in their ID and verification service; verify the person exists in the real world, meet the minimum KYC requirements specified within the JMLSG guidelines, provide an AML check, and satisfy an anti-impersonation check.