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Fake identity refers to the act of creating a new identity that combines real information with fictitious information. These fake identities are created to deceive others, typically for financial gain. Fraudsters can change entire identities or may manipulate existing personal data such as their names, addresses, social security numbers, and date of birth. Fraudsters use these fake identities to open bank accounts, apply for credit cards, commit tax fraud, or launder money.<br>https://www.kyccanada.com/blog/fake-identity-and-how-kyc-canada-help-in-identity-fraud-protection/
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