So you wouldn't normally expect great innovations in commerce from the Post Office but Japan Post has a KYC product that fintech startups in the U.S. would die for: http://www.post.japanpost.jp/service/fuka_service/honnin/ … 1) You send a letter marked For Hand Delivery To Addressee Only. 2) Postman asks for ID.
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So when your regulator says "How do you know that you have accurate information on the people who are transacting with you", you say "Please allow me to show our file of legally admissible evidence that a semi-governmental employee performed personal verification of identity."
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So after looking at this for a few minutes, I think you can achieve similar with the combination of Restricted Delivery and Electronic Return Receipt when using the USPS, but my generalized impression is that the Japanese option is much more likely to reliably require the ID.
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