The Ho Chi Minh City Police Department has issued an urgent warning to the public about a fraudulent scheme disguised as renting, lending, or buying bank accounts. This activity carries significant legal risks, potentially turning participants into accomplices in fraud or money laundering cases.
According to the police, numerous individuals are advertising for people to rent, lend, or sell their bank accounts, promising “easy extra income” or “a few hundred thousand dong per month.” In reality, these accounts are often used for money laundering or fraudulent activities, leaving account holders facing severe legal consequences.
Those involved in renting, lending, or selling bank accounts may face:
Administrative penalties: Individuals engaging in these activities will be fined between 10 to 50 million dong, and the associated accounts will be closed or frozen.
Criminal prosecution: Such actions may lead to charges of “Fraudulent Appropriation of Property” or “Money Laundering,” with sentences ranging from 6 months to 20 years in prison, or even life imprisonment, depending on the severity of the offense.
The Ho Chi Minh City Police emphasize:
“Renting out a bank account is tantamount to aiding criminals, and you could become an accomplice.”
The public is advised: Never rent, lend, or sell bank accounts to strangers. Be wary of offers promising “easy money.” If you suspect fraudulent activity, report it immediately to local police or contact the anti-fraud hotline for guidance.
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