Tavex Verification?

[Piperscoins]

Tavex, I have only made small purchases from them but now they want verification because it gone over £1000 has anyone else had this?

Edited October 7, 2022 by Piperscoins

[QStack]

What sort of verification?

[Gordy]

I.D can be standard for dealers to comply with regs... Chards do it, not a biggy really unless you're selling fine white powder to fund it.. 😂

[QStack]

3 minutes ago, Gordy said:

I.D can be standard for dealers to comply with regs... Chards do it, not a biggy really unless you're selling fine white powder to fund it.. 😂

Yeah I've had to do the same when collecting in person from HGM

[Silverbull]

I just registered with Tavex bullion last month, they called me back to cheek on a purchase.
Atkinsons bullion also look for verification when spending over 10k in one year.

it feels like the power’s  that be are closing in.  
 

Edited October 7, 2022 by Silverbull

[Piperscoins]

I had to show proof of id driving License or Pass Port, and a mug shot.  I rang them up and they said its because i have now spent over £1000.  I have to say I have had accounts with most UK bullion dealers for many years and they have never asked me for id apart from Hatton gardenmetals.  Oh yeah Chards when picking up coins.  My Tavex order is by mail and is only my standard small order 2 sovs. 

[Piperscoins]

Got me thinking now am i on some type of list 🤔

[Gordy]

15 minutes ago, Piperscoins said:

Got me thinking now am i on some type of list 🤔

Yep, you're on their verified users list.... ask @LawrenceChard what he's allowed to do with the lists!!

[Orpster]

20 minutes ago, Piperscoins said:

Got me thinking now am i on some type of list 🤔

You would not be the first to wonder, its why some people are happy to pay (upto) dealer prices on forums like this

[LawrenceChard]

32 minutes ago, Gordy said:

I.D can be standard for dealers to comply with regs... Chards do it, not a biggy really unless you're selling fine white powder to fund it.. 😂

I love fine white powder. The more of it the better.

In November I will be off to France to find the stuff.

Don't worry, I should be in the good company of a qualified mountain guide where advisable. They can usually find the best slopes and orientation. Importantly this also helps to reduce the risk of being caught by avalanches.

Does anyone want more photos when I get there?

😎

[Silverlocks]

2 minutes ago, LawrenceChard said:

I love fine white powder. The more of it the better.

In November I will be off to France to find the stuff.

Don't worry, I should be in the good company of a qualified mountain guide where advisable. They can usually find the best slopes and orientation. Importantly this also helps to reduce the risk of being caught by avalanches.

Does anyone want more photos when I get there?

😎

As long as they're not in your underwear.

[Orpster]

3 minutes ago, LawrenceChard said:

Does anyone want more photos when I get there?

[LawrenceChard]

13 minutes ago, Gordy said:

Yep, you're on their verified users list.... ask @LawrenceChard what he's allowed to do with the lists!!

Very strict rules under GDPR, and quite rightly too.

We don't sell or share any of ours. Some dealers and other businesses do, but they are supposed to ensure you opt in rather than having to opt out.

The data is also supposed to be kept secure. We have our systems PEN tested, even though we are not legally required to.

I feel certain that not all bullion dealers have fully secure systems.

😎

3 minutes ago, Silverlocks said:

As long as they're not in your underwear.

I hope you don't want me to remove it!

😎

Edited October 7, 2022 by LawrenceChard

[LawrenceChard]

1 minute ago, LawrenceChard said:

Very strict rules under GDPR, adn quite rightly too.

We don't sell or share any of ours. Some dealers and other businesses do, but they are supposed to ensure you opt in rather than having to opt out.

The data is also supposed to be kept secure. We have our systems PEN tested, even though we are not legally required to.

I feel certain that not all bullion dealers have fully secure systems.

😎

I hope you don't want me to remove it!

😎

Looks like I have just fallen victim to the "Your posts have been merged" feature!

 

[Silverlocks]

2 minutes ago, LawrenceChard said:

I hope you don't want me to remove it!

😎

Yes, please don't.

[LawrenceChard]

4 minutes ago, Orpster said:

Looks like his "airbag" has mis-functioned!

😎

[Orpster]

5 minutes ago, LawrenceChard said:

Looks like his "airbag" has mis-functioned!

😎

H&S gone mad!!!

[paulmerton]

45 minutes ago, LawrenceChard said:

We have our systems PEN tested, even though we are not legally required to.

What does PEN stand for?  

(Always amuses me when I see that!)

[JamesH]

3 hours ago, Piperscoins said:

Tavex, I have only made small purchases from them but now they want verification because it gone over £1000 has anyone else had this?

Yep. I went through that process with them a couple weeks back with, if I can recall, a verification company/app called verifi. Bought again since and was super fast

[SiCole]

I did the same thing with their app. Quite logical tbh to protect both parties from fraud.

[Bigmarc]

4 minutes ago, SiCole said:

I did the same thing with their app. Quite logical tbh to protect both parties from fraud.

Or collecting information to feed in to the future AI computers. 

I know it sounds a bit tinhat but have been reading up on it and seems we are not that far off.

[James32]

2 hours ago, Gordy said:

I.D can be standard for dealers to comply with regs... Chards do it, not a biggy really unless you're selling fine white powder to fund it.. 😂

What powder does one speak of?

If anyone wants to trade sovereigns for washing up powder, pm for details. 

[Gordy]

5 minutes ago, James32 said:

What powder does one speak of?

If anyone wants to trade sovereigns for washing up powder, pm for details. 

Beechams..... like rocking horse sh!t atm..... 

[GoldStatue]

I've been through the verification process with Tavex, pretty straight forward, they wanted a copy of a photo id uploaded and then they want you to take a picture of yourself through their web site.

I seem to remember a similar process for goldsilver.be and chards.

[dicker]

Some dealers want it, some don’t.  I don’t think it is good practice to publicly name which ones do or don’t because this is a gap which money launderers may well use.

I certainly don’t want my ID docs across many dealers as there is always a risk that the less professional ones may not pay for proper cyber security.

I had personal details leaked twice over the last 10 years so know it does happen - even to big corporations who should be super secure.