What Is and How to Spot Synthetic Identity Fraud?

19.05.25

What Is and How to Spot Synthetic Identity Fraud?

One of the financial crime categories with the fastest rate of growth in North America is synthetic identity fraud. Synthetic identity fraud combines fake and real information to create a new, false identity, in contrast to traditional identity theft, which involves stealing the information of a real person. Even the strongest compliance frameworks are put to the test by this new threat, especially in the FinTech, banking, and digital financial services industries. AML Incubator, your trusted partner in regulatory excellence, equips businesses with practical tactics to fight fraud—including this increasingly sophisticated type of identity theft.

What Is and How to Spot Synthetic Identity Fraud?
What Is and How to Spot Synthetic Identity Fraud?