Through telemarketing or social media platforms, criminal syndicates would offer the benefit of making quick money and lure you into selling or lending your accounts, or use your personal credentials to open accounts. The syndicate will use these “stooge accounts” to receive/launder fraudulent payments or other crime proceeds.

Do not sell or lend your accounts to others, as these may be abused for unlawful purposes. You may expose yourself to the risk of committing money laundering offences, for which the maximum penalty is imprisonment for 14 years and a fine of HKD 5 million.

Don't rent, Don't lend, Don't sell!

You may also visit the Hong Kong Monetary Authority’s website to learn more.