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.
I believe some KYC are just a process to collect public data and very little of it is verified. The current best form of kyc is the type implemented on blockchain where there is a need for an individual to be captured live on video. This form of kyc is fool proof and should be used by kyc companies