Sending in fake ID for KYC

[jeungo]

If you are involved in good projects, invest a lot of money, I would not recommend you provide incorrect data for verification. A situation is possible when you are asked to provide a document for the withdrawal of a large amount and you will not have it. It's very dangerous.

[Mercedes1107]

I have no problem in giving my real ID cards for KYCs. Only people  with multiple accounts are against this. What’s the worst thing that could happen to someone with a very low credit limit? Not getting paid because the ID sent was fake and got charged for falsification of documents.

[bagikoin]

If they actually verify the data with a serious of course if such forged data there will be no gifts sent and it was charred. But if it's just as important are the terms sent then crimes like counterfeiting ID will keep many do. that loss certainly is the person that has the ID if it comes to it's abused.

[Davido1174]

This KYC process is just to say that there is a process like this, since it is impossible to know if the person sending the IDs is the same one that owns the documents.
I quite support the idea of kyc so as to checkmate those with multiple accounts.

[Silver_Wost]

KYC is now very important to identify the real investors that participate in the ICO investment. But sometimes, it is also for the bounty hunters.
Related tot he fake KYC ID, I don't know what to say. It is absolutely illegal because it is likely kind of deceives. but, I'm sure that the developer checks the ID very well so that the fake ID for KYC can be detected.

indeed for kyc is very important for investors, but for bounty hunter I think it is not too important,
and the fake id issue of the managers will surely know it, dont worry

[Mendy487]

Most of the time, ICO team asked us to submit the KYC information, but they didn't really review these data, because even a false KYC information, still can pass their verification, they just to collect the data, I think this isnt so nice. Kyc is the ability to identify real investors and I really support kyc because, it eliminates people that try to chest the system

[Lab_Rat]

I think that the ICOs need to have a reasonable proof that you are not a citizen of the banned countries (for example, the US). So, you sent documents, confirmed that they are yours.
I think this is enough to confirm to regulators that tokens were not distributed to countries have been banned for participation.

[kakade]

I don't think that it will work. I'm sure that every developer and team of the ICO project should have the standard system to guarantee that the ID submitted for KYC is valid and legal. However, if the fake ID is really accepted, what can we do? It's just unfair.

[Raggie]

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.

NOT FAIR.

if they KYC using fake ID, it shouldn't be able to passed. The kyc organizer must have a system that detect any kind of editing tools.
KYC should be unable to fake. usually KYC is required for exchanges to withdraw your coins with a great amount.

[Nureni]

That trick won't work for all ico, the population of polymath airdrop was too much probably that is why thorough checking was not done on sent files.

[Bodhicoin]

Editing tools? huh?

Take the SEC for example. If an ICO has any future plans, at all...they will stay in-line with any regulatory requirements set forth by the SEC. If the ICO has any plan to A) Submit to SEC registration of (ICO) offering (registered security) or B) NOT be charged with offering or selling an unregistered security. The ICO will in all good faith attempt to abide by SEC regulations which includes NOT intentionally selling or offering unregistered securities to residence of SEC jurisdiction.
THIS is the reasoning behind KYC. Give them what they need to satisfy that requirement.
If you have "nothing to hide" and do not mind exposing your personal information to a private entity that has no "safekeeping" of your info, kudos. If you provide information that allows the ICO to sell to you and you can receive the ICO offering, kudos. As long as your Docs are inline with what the ICO is "allowed" to do business with, that is the objective. The ICO made a reasonable effort to NOT sell to a restricted person, the ICO is clear.
As mentioned already, this is NOT the same as providing fake Docs to a financial institution or gov entity. That is Fraud and you're screwed.

   

[Bodhicoin]

I'm just like you sending your real data, because I'm sure of the projects I'm participating in. If you think the project fraud, it is better not to participate at all in it

No matter how we check the documents of the ICO and its team, we can not do it qualitatively because we do not have the capabilities of the law enforcement agencies. Participation in ICO projects is always risky, we are also forced to rely on luck. Therefore, I do not see anything wrong with sending fake or foreign copies of documents to these teams. In this case, there will be no criminal liability. I have not yet seen that the ICO team refers to a specific law or even a bylaw that grants them the right to require us as signatories of the ICO signature campaign to provide copies of their documents. So what kind of criminal responsibility can there be in this case? There can not be any responsibility at all here.

Well said... The objective is for the ICO to stay clear of any regulatory jurisdiction. Its CYA on the ICO behalf.
How they go about that is up to them. They make a reasonable effort by requiring residence/ID verification.
Period. That effort covers their ass. They have no liability in certifying IDs/residence. Its not a moral or criminal issue.
Its a compliance issue on behalf of the ICO entity.

[Casalania]

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.

NOT FAIR.

there is no way to know if people are sending their fake identity to pass kyc. many people are agree on kyc process by for some reason, they are not really using their own identity, it is already known situation even before. its unfair but, everything has its own bad karma, so let them and if for some reason, and they have found out that they are using fake identity, they must face the consequences.

[Zagitta]

If these campaigns and projects keep requiring people to do KYC to particpate or get their rewards after they were done promoting the campaign, they should not be surprised if people start flooding them with fake identifications. People are not very keen on giving out their personal information online to people that they do not know. Some people are really good at using fake IDs.

[Dondont]

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.

NOT FAIR.

im really sure the team members of the ICO eho checked up the KYC information of the participant wouldn't let it happen. if the already with KYC system then im sure they already prepare with a whole things involved in it. im sure they will also asking you a new selfie photo if yourself, not only the ID Card.

[masudginanjar]

it is already at odds with the basic phases of anonymous crypto. just look at Bitcoin and others in created with anonym.

and can also properly false our documents when doing such a thing, possibly with the exception of a market exchange, requiring the id for verification.

too bad !

[Nedrek]

I believe that for KYC Identification it is absolutely necessary to require that a person be photographed holding a passport and a piece of paper with the inscription of the project.

[Selly Arumsari]

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.

NOT FAIR.

really ? i'm never thought with people use fake kyc, because doing verification with real ID is difficult so i think with fake ID more difficult
in few ico requires to selfi with their ID, maybe it is solution to avoid the fake account

[masterrex]

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.

NOT FAIR.

Damnit Im not aware of this situation is really happening im just do it sending my real data in KYC when Im investing and ICO and 2 times for Bounty KYC thats why I wrote in this forum that KYC announcement must Include in the Bounty Thread of those specific Bounty Campaign before accepting any Participants are you going to gamble for a penny sending your data to unknown people. in our country there is a law the Data privacy Act. and no one can easily get any data for that particular person without court order! except with his/her consent offcource.

[richardeames]

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.

NOT FAIR.

I think some kYC on ICOs is just formalization, meaning the KYC itself is not checked properly. Or it could be possible that the KYC is automated and the program mistakenly identifies the ID as valid. It's just to make sure that the legal side in tokens distribution will not have problem in the future.