Push for digital ID crucial to fight fraud
Following the launch of the HM Land Registry Digital ID Standard Martin Cheek, MD of SmartSearch said: “This is a really positive step in terms of the endorsement of electronic verification as the standard method of checking ID and documents.
“Regulated sectors such as financial services and the property market have really had to respond to the increase in fraud and money laundering attempts that we’ve seen over the past 12 months since the outbreak of coronavirus, as criminals have taken advantage of the gaps in security.
“At SmartSearch our services will be compliant with this new standard, as paper-based documents are too easily forged these days. So, the more institutions such as HM Land Registry that push forward the digital ID agenda, the more effective the fight against fraud will be.”
Published: 16 March 2021