Face detection within CRS countries banks

[Dev Nul]

What if all the banks within CRS signees run an algorithm across all the photos of all bank account holders, in order to determine whether any people own accounts across multiple countries but with different names?

- It would help identify those that intentionally run bank accounts with fake names in different countries
- It would help identify maybe if someone used a stranger's pic to make a bank account

Then they could report the face matches to the countries those accounts belong to, and the countries could go on with their process from there

Wouldn't this mean havoc for all the people that attempt to get privacy and wealth conservation in tax havens?

Or is this too dire to ever happen?

Next step: If this duplicate picture algorithm is also run across accounts on EMIs

Do the providers and clients these days consider this kind of risk in the near future?

 

[John Spectre]

Face identification for banks who do generic pictures of customers for own database will be complicated.
Because first, hardware that uses in banks for taking pictures in different and weak (like a low quality web cam in PC of manager).
Syncing database between banks is impossible with current methods of taking such data. It just don't have needed level of identification quality.

To implement this, all banks need to change identification method and use some one unquiet method that allow to identity user with guarantee. For example fingerprint or iris recognition. But pushing banks to implement this method, test and use it - it's a decade or more.
Like a CRS, that was created more than 10 years ago, started to work just now.