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John,

Its all about the self suffficiancy. I find thats lacking everywhere with everything.

Great feedback John, Thank you.

Excellent Kalle. Thank you.

Thank you Stephen, this is very helpful. In the US a thief doesnt need any documentation to present to a bank to compromise an identity for new account fraud. All they need is information, like name, address and the Social Security number. Whic is why its such a mess. From there they lie on applications.

To anyone: In Europe is the fundamental issue fake documentation? When an identity thief presents forged/fake real looking id cards they can then be that person? Is credit monitoring from a credit bureau an option for consumers? Is there a cost for this? Who are the credit bureaus?

Stephen,

GREAT stuff. Like I stated to the others:

This seems like a relatively easy hurdle to overcome? Is it?

If I'm an identity thief how am I commiting new account fraud in Aussie? My sister inlaw is married to an Oz in Brisbane. We froze her credit here to prevent new account fraud in the US. Do you have anything similiar? Identity theft protection? Is it needed?

Keith,

"The FATF Forty Recommendations and Special Recommendations on Terrorist Financing" Correct?

Same process as France? Is this all of Europe? What are the obstacles for the thief? How do they game the system? How prevelant is the issue of new card fraud, new loans etc?

"I know in Germany you can go to your local Post Office and have them validate your identity credentials as above and then the Post Office sends your authenticated application form off to the Credit Card Company."

This seems like a relatively easy hurdle to overcome? Is it?

If I'm an identity thief how am I commiting new account fraud in Europe?

Cedric would an identity theif simply provide a fraudulant ID card and utility bill posing as the victim? What are their methods to circumvent the system? Are they? Is it a problem? We dont hear much about ID Theft in France.

Eliz

Certainly was the "ass. principal's office"

Touche Cedric

Thanks for the feedback.

Banks decisions slanted towards minimum investments in security will always be the underlying reason fraud occurs. While there is a delicate balance between usability and security, the public can adapt to security.