Sending in fake ID for KYC

[Astra]

It is not right to give fake ID while doing KYC verification. KYC is done to prove the truth of something. If we make wrong decision there then it is not right at all. So we will not make wrong decision while doing KYC. I will make the right decision at all times.

If KYC is required by the ICO team, which themselves are often scammers, I believe that I have the right to use a fake ID. Where there are no rules, it is foolish to play by the rules of one side.

[Prime]

I don't really understand with the topic? Do you mean people do KYC with a fake ID? I think the team of the project can identify whther the data is fake or real. So, we don't need to worry about the data verification in a project. The team member who verify the data must have enough experieince to do it.

[Gurujebs]

Let's say the truth so others can be guided. No matter how tight a security is, there will be set of people that will explore that with out getting caught. It happens even in airlines. Some kyc are done manually while some are done using AI. Anything can happen.

[edmundo]

Sending KYC documents for any purpose is something that should be treated with utmost care. With several reported cases of stolen identity and submitted documents getting sold to third party sites and clients, it becomes very necessary to always watch carefully as to whom you are submitting your documents to. It is for this reason that a lot of people tend to submit only fake identity documents for verification purposes.

[Calantha]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?
How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.Now they have our data and the people who faked it are still secure.

Verification by asking tellers to compare people and photos won't be applicable online. Financial institutions that need KYC overseas customers, or in the situation of limited COVID-19 translation to contact lines, cannot do KYC in the traditional way.

[Augusta]

If you send fake IDs to KYC, KYC will not authenticate your identity and support multiple layers of security for people / investors participating in the network, censor deposits from customers to avoid browsing / receiving accounts. funds with illegal funds related to corrupt or money laundering activities

[Rosemaryy]

If you send fake IDs to KYC, there will be corruption problems between powerful authorities, money laundering crimes. At the same time lack of control with the cash flows of multinational corporations. Causing serious effects on the social situation.

[Lillian]

That would easily be used by financial criminals for illegal purposes. Suppose there are a series of politicians, large corporations taking turns trading like the above politicians, it will cause extremely serious consequences and instability for society.

[NihonShoki]

KYC confirmation is born to help manage the identities of traders named in the system, to prevent criminal acts. In addition, we can use KYC data to participate in crypto projects that are not yet listed (ICO projects). If you send a fake ID to KYC, you will not be able to invest in any cryptocurrency.

[Naimah]

Individual investment advisors and finance companies are responsible for tracking each client's financial situation. All of this is done by finding and collecting relevant customer information. Sending fake IDs to KYC could cause the company to lose control of its customers