Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Banks put their trust in engineers

Following new guidance published by the Joint Money Laundering Steering Group (JMLSG) and accepted by the Treasury, engineers will now be accepted as certifiers of documentary evidence for bank customers.
Until now engineers have not been among those that the banking community would accept as certifiers of customer identity - as might be required to open a bank account or take out a loan. This change is thanks to the efforts of the Engineering Council UK.Last year, ECUK was one of various organisations that were invited to comment on proposed new guidance. Part of the guidance is concerned with mitigating the risk of impersonation when business is not carried out face-to-face. Within this section reference is made to copy documents, submitted as proof of identity, being certified by an 'appropriate person'. However, in the circulated draft there was no explanation as to who should be deemed 'appropriate'. The Engineering Council pressed for a definition of this term - and, most importantly, one that would include engineers.All firms should be implementing the new guidance by the end of August 06. This will hopefully bring to an end the banking world's puzzling refusal to recognise the probity and status of the registered engineer.The JMLSG guidance notes can be found at: http://www.jmlsg.org.ukRelated links:Today's top stories

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.