Warning about the trick of renting and buying bank accounts to commit fraud

According to Hanoi City Police, recently, the crime of fraud and property appropriation on cyberspace has become very complicated with many new and very sophisticated tricks.

Fraudsters often use bank accounts bought and sold to make transactions to transfer and receive money from victims and then launder the money using many different methods.

The subjects often post information on forums and social networking groups about renting or buying bank accounts or approach low-income workers, people with little knowledge of the law or college and university students to ask them to open a bank account to receive wages from 500,000 to 1 million VND.

Security - Criminal - Warning about tricks of renting and buying bank accounts to commit fraud — Recently, the crime of fraud and property appropriation on cyberspace has become very complicated with many new and very sophisticated tricks. Illustrative photo

After opening an account, the account owner must hand over Internet Banking login information, phone number used to register the account, bank card, etc. to the subject.

The subjects will use these bank accounts for illegal acts, especially fraudulent appropriation of property.

Therefore, people need to be extremely careful and cautious in managing their personal information and bank accounts, avoiding assisting criminals or being involved in illegal acts.

In many cases, the account owner may be considered an accomplice with the subject or will be prosecuted for the "Crime of illegally collecting, storing, exchanging, buying, selling, and publicizing information about bank accounts" as prescribed in Article 291 of the 2015 Penal Code (amended and supplemented in 2017).

The Cyber Security and High-Tech Crime Prevention Department of Hanoi City Police recommends that people do the following: First, keep personal information confidential: Do not share personal information or bank account information with strangers on the internet.

Second, be wary of tempting offers: Say no to any offers to “rent” or “sell” your bank account for financial gain.

Third, report to the authorities: If any activity of buying or selling bank accounts is discovered, citizens need to immediately report to the police for handling and resolution.

Fourth, people need to increase their information updates and warnings from authorities, and learn about the risks and legal consequences related to “leasing” and “selling” bank accounts to avoid becoming victims of crime.

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