Thread Starter: Anon Deux
Title: Re: Address validation
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Using any piece of mail as "proof of address" is excessively weak. All it tells you is that the person provided that entity that address, and was able to obtain the mail there. Doesn't mean they live there. Means they have (or actually, had, at some point) access to the mailbox at that location. With US mailboxes sitting on streets unguarded and unlocked, a piece of mail tells you almost nothing.
A piece of mail is also exceeding easy to fake, with photoshop. A window envelope, with a letter inserted inside of it, is not a reliable proof of address.
In this day and age, given the purpose of the CIP regulation, banks need to be requiring address verification in the form of a) seeing it on a government-issued photo ID, or b) confirming it on a credit report, or c) both. You need to confirm where your customer sleeps, not where they one time may or may not have gotten a piece of mail delivered.
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