Identity Verification Stops Fake and Stolen IDs

[Potato Chips]

If you think these stops bad actors from exploiting kyc verification flaws, no it does not.

These checks doesn't guarantee 100% effectiveness. A lot of reputed companies always had checks to combat malicious submissions, but some always slip through. AI development goes both ways too. If companies are using AI to detect malicious submissions, bad actors are also using AI to generate non existent people lol. I doubt most verification providers have access to citizens ID info like what authorities do.

In addition, some people sell their information by verifying accounts. There have been services like this.

[LUCKMCFLY]

It's easy to say that these are some of the Supposed advantages of KYC compliance, especially for minors Trying to enter a casino with false Identities or for Criminals who want to launder money , but these are the kinds of things we must understand don't Always work, and if we start from the Premise that KYC was created thanks to government regulations for Control... what can be expected?

[Findingnemo]

We can say these new technology restricted the fake identity but the same development in technology is helping to bypass these kind of verification with completely AI-generated videos so without human intervention these will not be 100% safe. But again a casino can only check the legitimacy of the submitted documents to certain level but if the document provider uses realistic ways to cheat then they might not be responsible because they don't have access to government ID database of every country right?

[Dunamisx]

On a normal day, the reason for user identity verification is to prevent from scam or hack and any use of fake identity to be used in our place instead, but aside these, I don't think there's anything more better and bigger that we should expect from the casinos, while our own confidentiality has been tread upon because they are no more secured with them.

[uneng]

Actually, identity verification procedure encourages fakes and ID theft... Scammers will appeal to those methods in order to continue their scam schemes going on. They will steal IDs or fake new ones when going into the verification procedure, so they can continue having access to the platforms.

KYC is just intrusive and worthless, nothing more. There aren't advantages on it for users. They are actually harmful, moreover due to dataleaks being quite frequent on the internet. If regulators were concerned about users, they wouldn't ask them to share their IDs with third party services on the internet.