HM Land Registry publish NEW standards for EIDV in property transactions
HM Land Registry NEW requirements go a step further than CURRENT GUIDANCE those that rely on matching a photo printed on the document with the self-taken photograph
- Cabinet Office Good Practice Guide 45 = https://www.gov.uk/government/publications/identity-proofing-and-verification-of-an-individual
HM Land Registry NOW require:
- The self-taken photograph, or a live video, is also biometrically matched to the photograph extracted from the encrypted chip.
- It is challenging to tamper with the photograph held on the encrypted chip, so insisting on this level of check gives us a higher level of assurance of the document's validity.
HM Land Registry acknowledge:
- That this requirement prevents clients who do not own smartphones or UK passports from verifying themselves in this way.
- However, given the nature, significance, and value of most property transactions, HM Land Registry believes the suitable level of assurance can best be achieved in an accessible and usable solution by checks enabled by chip technology.
It is also important to remember the standard is optional. Other methods for verifying identity will remain valid.
Anti-money laundering/Know your customer
Concerning the above and on 20 January, the Legal Services Affinity Group updated its anti-money laundering guidance to provide further guidance on the use of electronic identification and verification tools, including:
- The role of the tools,
- The data sources available and
- General guidance on when to use these tools – acknowledging that the market is diverse and growing.
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