Dear Valued Customer,
DBS Bank (Hong Kong) Limited (the “Bank”) would like to remind customers “Don't be tempted by quick money. Don't lend your bank account to anyone to launder money.”. To protect your own interests, please read the following information:
Through telemarketing or social media platforms, criminal syndicates would offer the benefit of making quick money and lure the public into selling or lending their bank accounts, or use their personal credentials to open bank accounts. The syndicate will then use these “stooge accounts” to receive and launder fraudulent payments or other crime proceeds.
Customers are advised not to sell or lend their bank accounts/ personal credential to others as these might be abused for unlawful purpose. Otherwise, customers may expose themselves to the risk of committing the offence of money laundering of which the maximum penalty is a fine of HKD 5 million and imprisonment for 14 years.
For more information, please press here (Chinese version only) to read the Facebook message of the Hong Kong Monetary Authority posted on 13 Aug 2021.