With more digitalization and usage of AI- ML in banking, the time needed for KYC-AML checks has reduced drastically. However, impersonation has become very common and loans, Overdraft facility and credit cards are issued to fraudsters without the knowledge of the actual person thereby negatively impacting the CIBIL to a great extend.
Is there a way to centrally instruct all the financial institutions or banks to not open any other account or disburse any loan or card under my name digitally?

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