A method to enforce anti-money laundering, anti-terrorist financing and other anti-crime measures in compliance with the Bank Secrecy Act and the USA PATRIOT Act in the USA or equivalent laws in other countries, and to reduce fraud in e-commerce activities such as online banking, trading, money services, shopping, etc. by reading the embedded identification information from a machine-readable government issued official identification document such as passport, driver's license, etc. and sending such information in a dynamically encrypted form to financial institution for approval and anti-money laundering, anti-terrorist financing and other anti-crime purposes. Furthermore, a set of methods can be used by the sender to dynamically encrypt the data in a different form in each transaction, and the recipient can be automatically synchronized to decrypt the received data based on said set of methods.