And looking at their ID would be an appropriate way to do that.
How does that work for companies like Wise, which don't have a nation wide branch network?
Identifying someone by receiving a photo of an ID would be absurd. As that very act makes the photo of the ID not able to identify someone anymore. As everyone who receives a photo can now also "identify" as that person.
That's why KYC verifications have been increasingly moving to picture of ID + video.
So I still think there is no law that mandates forcing users to send copies of their ID over the wire.
In this particular circumstance though, that's a distinction without a difference. If you're a customer of wise (or any other financial institution that doesn't have a retail presence), KYC laws basically mandate that you upload your documents, because there's no alternative.
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How does that work for companies like Wise, which don't have a nation wide branch network?
That's why KYC verifications have been increasingly moving to picture of ID + video.
So I still think there is no law that mandates forcing users to send copies of their ID over the wire.
In this particular circumstance though, that's a distinction without a difference. If you're a customer of wise (or any other financial institution that doesn't have a retail presence), KYC laws basically mandate that you upload your documents, because there's no alternative.