Media
SentiLink Statement For House Financial Services Committee
SentiLink
Published
April 29, 2022
![SentiLink Statement For House Financial Services Committee](https://resources.sentilink.com/hubfs/SentiLink%20Blog%20Image%20Templates%20for%20LinkedIn%20%282%29.jpg)
SentiLink encourages modernizing the requirements around identity verification in a statement submitted to the House Financial Services Committee for their hearing, "Oversight of the Financial Crimes Enforcement Network."
- CIP rules should provide greater clarity and specificity with regards to what constitutes a "reasonable belief" of identity verification, and should focus on the changing nature of the actual criminal threats financial institutions face, agnostic to the specific product or service for which a consumer is applying.
- Checks for synthetic identity fraud should be a core feature of CIP rules, FAQs and guidance.
- CIP rules should reflect the reality of the changing nature of identity fraud, and require the collection and additional verification of address, phone or e-mail, depending on the means by which an institution contacts their customers.
Read the entire comment here.
Related Content
![](https://resources.sentilink.com/hubfs/SentiLink%20x%20Scienaptic@2x.png)
Media
November 22, 2022
SentiLink and Scienaptic Partner to Prevent Fraud
Read article![Persona and SentiLink Partner to Automate Cutting-Edge Fraud Reduction Technology](https://resources.sentilink.com/hubfs/SentiLink-and-Persona.jpg)
Media
October 6, 2022
Persona and SentiLink Partner to Automate Cutting-Edge Fraud Reduction Technology
Read article![](https://resources.sentilink.com/hubfs/SentiLink-and-Lendflow%20%281%29.jpg)
September 28, 2022