---
title: SentiLink Statement For House Financial Services Committee
description: SentiLink Comment to House Financial Services Committee
---

[Media ](https://resources.sentilink.com/media)

# [SentiLink Statement For House Financial Services Committee](https://resources.sentilink.com/media/sentilink-encourages-modernizing-requirements-around-id-verification)

 Written by [SentiLink](https://resources.sentilink.com/media/author/sentilink) | Apr 29, 2022 12:16:00 AM

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 ](https://federalnewsnetwork.com/commentary/2021/12/a-better-path-forward-for-irs-verification-system/)comment [here](https://resources.sentilink.com/hubfs/SentiLink-HFSC-SFR-FinCEN%20Oversight%20042822.pdf).

[View full post](https://resources.sentilink.com/media/sentilink-encourages-modernizing-requirements-around-id-verification)

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