AMLAWARE | Address Verification
AMLAware International – Anti-Money Laundering compliance training programs meeting regulatory requirements for insurance companies, the financial services industry, and the banking sector worldwide.
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Address Verification

17 Jun Address Verification

Topic Progress:

In addition to verifying the customer’s identity, insurance companies must verify the address of the customer. For purposes of address verification, insurers can generally rely on one or more of the following:

 

  • Utility bill issued within the past three months;
  • Government correspondence issued within the past three months;
  • Statement issued by an authorized financial institution within the past three months;
  • Record of a visit or acknowledgment of a receipt signed by the customer in response to a letter sent by the insurer;
  • Mobile phone or paid TV bill issued within the past three months;
  • Letter from employer confirming employment contract or residence;
  • Lawyer’s confirmation of property purchase or ownership; or
  • In the case of a non-resident in Hong Kong, a government-issued identity card showing correct residential address or bank statements showing residence.