EMI without live KYC
- Thread starter KScyprus
- Start date
Expect ID+selfie to be discontinued, eventually all EMIs will use some third party live verification service.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I know bro, that's the trend. But perhaps there are some banks that are not properly updated with current security systems.
For example, most gateways still don't do any live verification. Stripe started a few months ago.
I would avoid these banks if they still exist. Anyway it's not so difficult to trick Credas and similar 😉
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Liveliness tests are a requirement of EU's AMLD5 that has been adopted while ago. Might as well get with program today rather then look for companies that will be fined or have their licenses revoked for AML deficiencies in future. When this happens your money can be blocked for 2 years or more like what happened to epayments.
Best advice to follow.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Best advice to follow.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Best to just adapt to the new reality that liveness tests are going to be required. Even if you open an account now while some institutions are still on a grace period for implementation, it's just a matter of time until they come asking for liveness. And you don't want to be in a position where you have a few hundred thousand sitting on an account and unable to verify the identity of the account holder.
Two years, as @Martin Everson said. It's a long time to wait, only to have the money confiscated or returned to the senders, in this case.
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This is the probably the answer to your question.
Two years, as @Martin Everson said. It's a long time to wait, only to have the money confiscated or returned to the senders, in this case.
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This is the probably the answer to your question.
Bunq+darks+actors
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Bunq with darks can work, except that if I need many accounts (e.g. 10 per month) this way would be very expensive.
Instead, Bunq with Actors doesn't work because they currently ask for a selfie as soon as you download the app on a new device.
I completed verification with Stripe UK on two accounts this week. Was only asked to upload a scan of ID & utility bill. There was an option for live verification too but it wasn't mandatory so I obviously went with the scans
Once you have decent volume you will be asked to go thru the live video process, might as well finish now before your funds are froze...
I heard some people be using realistic masks but best not to try....lol.
https://www.etsy.com/uk/listing/697881054/silicone-mask-realistic-young-man
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
https://www.etsy.com/uk/listing/697881054/silicone-mask-realistic-young-man
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Haha nice idea. But I guess many of them look the same?Martin Everson said:
I heard some people be using realistic masks but best not to try....lol.
https://www.etsy.com/uk/listing/697881054/silicone-mask-realistic-young-man
Click to expand...
It works perfectly, with some makeup and a wig you can do magic.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
C'mon this cannot be real. There must be like 10 standardized masks that everyone use?
When you're paying hundreds or thousands for a mask, they're often handmade and distinct enough that any two aren't more similar than two humans might be. We're not talking about Halloween masks you get off the shelf of a novelty store.
It's not foolproof but it can and does work, as long as the face matches the picture on the ID document.
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This is the probably the answer to your question.
It's not foolproof but it can and does work, as long as the face matches the picture on the ID document.
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This is the probably the answer to your question.
eBay is your friend
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