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There are organizations creating thousands of bank accounts to cash out transactions like this for a percentage. They use fake IDs, there’s no way to stop them.
by ryanlol 5y ago
There are organizations creating thousands of bank accounts to cash out transactions like this for a percentage. They use fake IDs, there’s no way to stop them.
Catching the people opening the accounts leads you to nowhere, they rarely even know their bosses.
- KptMarchewa 5y agoThere is a way to catch fake IDs besides ML and MRZ parsing, but this would require govt to allow banks to use their ID database.
- ryanlol 5y agoNever gonna happen internationally. We barely managed to push through cryptographically signed passports after 9/11, and even those aren’t very well adopted (you will never face issues if your passport has a “faulty” chip)