SBV proposes account freezes to tackle fraud

Update: November, 18/2019 – 09:39 VNS
A customer looks at a fraud warning sign at a commercial bank in HCM City. — VNA Photo

HÀ NỘI — The State Bank of Việt Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.

The central bank also called for a ban on borrowing or renting bank accounts as well as certain intermediate payment services to improve account holders traceability and limit illegal activities in a draft amendment to a Government directive on cashless transactions.

Under the proposal, commercial banks could freeze accounts if they have sufficient evidence the accounts were used for or involved in fraudulent and illegal activates. Tiếp tục đọc “SBV proposes account freezes to tackle fraud”