FINTECH-KYC-003High Risk
identity/KYC
Red Flag
Multiple accounts are opened in rapid succession using the same device, IP address, or phone number, with slight variations in name or date of birth to evade duplicate detection.
Industry
Fintech & Payment Processors
Transaction Type
other
Customer Type
individual
Category
Regulatory Source
Document:FinCEN FTA Identity 2024
Type:FinCEN Advisory
CFR Citation:31 CFR §1022.210
SAR Category:Identity theft
FinCEN Key Term:Device Fingerprinting
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.