The government will ease ID requirements to open bank accounts to help ensure that eligible children at foster homes will receive monthly child allowances, according to sources.
Under the new changes, banks will accept as a valid identification document a government-issued notice certifying that the child is eligible for the allowance.
People who wish to open a bank account are required by law on the prevention of laundering of criminal proceeds to present identification such as a driver’s license, health insurance card or copy of family residence registry, which many children at foster homes lack.
Kids at foster homes became eligible to receive the allowances from the fiscal year starting in April under a revised child allowance law approved by the Cabinet last month.
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