Common controls in place to fight financial fraud—anti-money laundering (AML) measures and know-your-customer (KYC) requirements—may have met their match in AI.

An underground service called OnlyFake is leveraging “neural networks” to craft high-quality fake IDs, and according to a 404 Media report, anyone can get instantly generated fake IDs with startling realism for just $15, potentially facilitating a range of illicit activities.

The original OnlyFake Telegram account, its primary customer-facing platform, was shut down. But its new account declares the end of the Photoshop era, boasting its capability to mass-produce documents using advanced “generators.”

The site’s owner, using the alias John Wick, said that the service can batch generate hundreds of documents from an Excel dataset.

The images are so good that 404 Media was able to get past the KYC measures of OKX, a cryptocurrency exchange that uses the third-party verification service Jumio to verify its customers’ documents. A cybersecurity researcher told the news outlet that users were sending OnlyFake IDs to open bank accounts and get their crypto accounts unbanned.

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Author: Jose Antonio Lanz

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