Dear Valued Customer,

DBS Bank (Hong Kong) Limited (the “Bank”) would like to remind customers “Don’t Lend/ Sell Your Account. Beware of money laundering traps.”. 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 accounts. The syndicate will then use these “stooge accounts” to receive/launder fraudulent payments or other crime proceeds.

Customers are advised not to sell or lend their bank accounts to others as these might be abused for unlawful purpose and customers may expose themselves to the risk of committing  money laundering offences of which the maximum penalty is imprisonment for 14 years and a fine of HKD 5 million.

For more information, please press here (Chinese version only) to read the Facebook message of the Hong Kong Monetary Authority posted on 15 Dec 2021 and press here for the publicity materials from the Hong Kong Monetary Authority.