Following recent concerns over canine bank account abuse, the Institute of Financial Services (IFS) has urged the Government to re-introduce dog licenses which were scrapped in 1987. Unscrupulous dog owners can currently access their pets’ bank accounts without producing proof of ID, which bankers say is open to abuse.
“In theory, anyone could claim to be Buster’s owner and bung a few quid into his account, for example” an IFS spokesman said. “For withdrawals, all we can ask for in terms of ID is a dog tag with the name on; asking for a dog’s mother’s maiden name is a waste of time.”
The IFS claim that identity theft amongst the dog-owner community could become a real problem in the light of recent publicity.
“We realise now that our security procedures urgently need tightening and dog licenses should be re-introduced immediately,” the spokesman continued. “If we don’t act now, lots of money could be going walkies.”