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5:00KYC/AML: What Happens to Your Passport Photo After Onboarding
You snapped a selfie and a photo of your passport to open an account in five minutes. That image is now legally radioactive: a bank must keep it for exactly five years, then is required to delete it.
Opening an account triggers Know Your Customer (KYC), the front door of the bank's Anti-Money Laundering (AML) system. The legal point of KYC is Customer Due Diligence (CDD): the firm must *identify* you and then *verify* that identity from a reliable, independent source before, or shortly after, the relationship begins. Your passport image is the verification evidence, the proof the bank checked who you are. This is mandated globally by FATF Recommendation 10 and, in the UK, by the Money Laundering Regulations 2017 (MLR 2017), supervised by the FCA.
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