Sending in fake ID for KYC

[Israel712]

I do not think it out of place to have companies request for KYC. It is in order for me as it helps to know the kind of people they are dealing with. Criminal elements will always want to have their way and that is a challenge. The system is improving , and we hope we come to the point where this menace will be checked.

[Ru-T]

I probably never stop to repeat - KYC  is a collection of base, especially in the dubious projects ..

[think3214]

This is totally unfair. But I think it is not good to imitate. To a certain extent, this illegal scheme or crooked operations could escape the eyes of the companies involved but there will come a point when all these cheaters will be caught. I know, those that are asking for that kind of information are doing it out of laziness they could have created their icos in a jurisdiction in which they did not needed to ask for that information but they choose not to do that

[kris679]

So I also told about it, and it really is easy to do, as far as I know in this case, the main thing is that the numbers of the passport coincide with the strangers and there were those in the world then everything would work, because the projects do not have access to such state information!

[Tapcoinofficial]

Just want to point out that you never know who will go back and look at your information to verify especially for United States citizens. Even if something is not illegal now, it could be in the future. I would be very careful about doing fake or deceptive KYC. Your freedom is not worth investing in an ICO.

[handyhuman]

It is a gamble to send fake data and find your account frozen at a later point of distribution. For sure not an easy task checking IDs from dozens of countries.

Fake data or not as long as we accept in in Kyc requirements I think theres no problem about that.

[mitchr4]

I do not think people are going to editing an ID card/Passport just to fill a KYC because the person who checking it would be easy to know which one is original and the fake anyway in the KYC filling we required the selfie by holding an ID card/Passport. But if it happens then it's not fair.

[nadbucs]

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.

Yes due to KYC requirements some people knows how play also. Providing fake ID is the way for them to keep their real identity. Why worry about being fair of other doing so since it is up to the dev team how they can trace valid IDs. If you feel unfair then don't participate ICOs asking fir KYC then.

[sylviazapanta19]

Just avoid ones with kyc if it's a problem for you.

[andor.gellenhidi]

This kind of activity is engaged in a lot of people and this is right, because now very many people are completely unaware of what actually will bring their documents to the network. I think this will have serious consequences

[taiwww]

So what appears from your post is that these people have never got the chance to verify the users ID but they just collected it and thought that it might be perfect one. Lolz.
I mean if they did not verified then what another reason could be there! Sometimes ICO people itself would be little unfair about their work and about their so called legal protocols. We cant do anything about it and those who got approved anyway, seems to me lucky one and now ICO team cant do anything about it as its ICO phase and distribution is already passed on.

[cryptoherr]

KYC has it positve aspects aswell, for example it prevents the mass of bots which enter a lot of icos that offer Bounty programs These days. So this is not just bad for us

[disconnectme]

If people are sending KYC ID and the team if that ICOs are accepting it, then the team is not doing any crosschecking on this document, perharps they are just doing it for the sake of other projects are doing it, there was one that I tried to do, that they keep rejecting the document I sent and that means they are doing their due dilligence

[markieeeloy]

It is totally okay for the other users to avoid using their documents in a not good way. Like an identity theft. It could be possible when they sold it to the black market (Its my own opinion). But it is not advisable especially when you are making purchase of the coins or altcoins. It may lead to your account to be invalidated for your transaction and your funds may not be recovered because you send a fake documents.

[rabbitkenith]

Anything that requires KYC I do not participate in. I don't need anybody putting a face to my wallet ID and such. This space was not meant for KYC! 

[lanndrysmith]

I agree that you should not send your real data to anyone. There is a high probability that they can fall into the hands of bad guys. For yourselves, to transfer fictitious data, no one will check a particular person from the other end of the world.

[lovetherain0101]

this is really a lot of pros and cons, because I think KYC is really needed to avoid the multi account, but it is also often misused for fraud etc., therefore I hope for the future there is a solution to solve this problem

[khuyenkhich821644]

It is a gamble to send fake data and find your account frozen at a later point of distribution. For sure not an easy task checking IDs from dozens of countries.

[notoriousdumper]

For many clients of ICOs believe Know Your Client is inappropriate for their moderate purchase and a  unreasonable liability with no use.

[artisarr]

The main problem here is centralized KYC process and poor security. We send our docs, those companies got hacked and our data is leaked. I completely understand when people are trying to get around it and send a fake info.