Buying, selling, renting or borrowing bank accounts can be fined up to 200 million VND

The act of buying, selling, renting, leasing, or borrowing bank accounts can be fined up to 200 million VND.

According to the third draft of the Decree on administrative sanctions for violations in the monetary and banking sector, which is being consulted, buying, selling, renting, leasing, borrowing bank accounts or buying and selling information from 1 to 10 accounts will be fined from 100 to 150 million VND.

The fine increases to 150 - 200 million VND when there is a similar violation, with the number of 10 bank accounts or more, but not to the extent of being prosecuted for criminal liability.

The fine amount under the new draft is 2-4 times higher than the current amount.

This fine was raised in the context of many services buying and selling bank account information on social networks. Some individuals buy and collect bank accounts, phone SIM cards registered for online banking services and then sell them for millions to fraud rings.

Currently, the country has nearly 183 million personal payment accounts and 120 million mobile subscribers.

At the meeting of the Government Steering Committee on Science , Technology, Innovation and Digital Transformation on May 17, Prime Minister Pham Minh Chinh requested ministries and branches to conduct a comprehensive review of bank accounts and phone SIM cards to prevent online fraud. The goal is to increase state management, prevent and effectively handle this fraud.

Also according to the latest draft, bank employees who allow customers to use expired or fake identification documents when opening and using payment accounts will also be subject to a fine of 150 - 200 million VND.

In addition, the draft also mentions a fine of 200 - 250 million VND for opening or maintaining anonymous or impersonated payment accounts. The same penalty applies to acts of using or exploiting payment accounts for gambling, organizing gambling, fraud, fake payment transactions... that have not yet reached the level of criminal prosecution.

TB (summary)

Source: https://baohaiduong.vn/mua-ban-cho-thue-muon-tai-khoan-ngan-hang-co-the-bi-phat-toi-200-trieu-dong-411852.html