AI-Generated Fake IDs Enable Financial Fraud and Money Laundering
For just $15, people can use the OnlyFakes service to easily obtain high-quality fake IDs created by AI, potentially enabling financial fraud, money laundering, and other criminal activities.
Summary
- The OnlyFakes service uses generative AI models like GANs and diffusion models to create fake IDs that can bypass standard KYC and AML verification measures.
- A cybersecurity researcher was able to use an OnlyFakes fake ID to open a bank account and unban a crypto account.
- The service creates fake IDs for many countries including the US, Canada, China, and more. It can batch generate hundreds of fake IDs easily.
- While the fake IDs provide anonymity, using them carries legal and ethical risks. The service is openly engaged in criminal activity and likely being monitored by law enforcement.
- Cryptocurrency payments provide some privacy but identities can still potentially be exposed. The service also likely keeps records of customers.
- Regulations are evolving to try to tackle this threat, including proposed US rules around requiring infrastructure providers to report suspicious AI training activities.
- Beyond fake IDs, AI is also being used for deepfake videos, non-consensual fake nude images, and more. As the technology becomes more accessible, the potential for harm grows.