TLDR:
An underground service called OnlyFake is using basic artificial intelligence (AI) to produce high-quality fake IDs that can bypass anti-money laundering (AML) measures and know-your-customer (KYC) requirements. Users are able to purchase fake IDs, generated with sophisticated AI algorithms, for just $15. The IDs are so realistic that they have been able to pass the KYC checks of a cryptocurrency exchange. Although the service may be tempting for those seeking anonymity, engaging with OnlyFake raises ethical and legal questions, as it contradicts AML and KYC policies. Regulators are attempting to combat this issue, but AI deception extends beyond fake IDs.
Key points:
- An underground service called OnlyFake is using artificial intelligence to create fake IDs that can bypass AML and KYC measures.
- Users can purchase AI-generated fake IDs for just $15.
- The IDs are of such high quality that they have been able to pass KYC checks on a cryptocurrency exchange.
- Using OnlyFake’s service raises ethical and legal questions, as it contradicts AML and KYC policies.
- Regulators are proposing new rules to combat AI deception, but further action may be required.