Responsive Ad Slot




Buhay Pinay



Business Ideas for OFWs

Join us at Facebook!

Warnings issued against lending/selling bank accounts & scams

29 February 2024


Police post warns how lending one's ATM can lead to money laundering 

The Migrant Workers Office in Hong Kong has posted a warning on its Facebook page against lending or selling bank accounts, as this often leads to money laundering.

Huwag pumayag sa pagpapahiram o pagbebenta ng bank account, iwasang gumawa ng mga krimen,” said the advisory. (Do not agree to lending or selling your bank account, avoid getting involved in crimes).\

Buksan ang mga tip

In cases where someone’s ATM card was lent or surrendered to another person who then used it to launder money, the account owner is oftentimes left to face a charge of “dealing with property knowing or having reasonable grounds to believe” that such property represents proceeds from a crime.

The maximum penalty for money laundering is 14 years’ imprisonment and a fine of $5 million.

Soriano (in suit) joins police in promoting the campaign against online scams

The warning came as the new head of the Consulate’s assistance to nationals section, Vice Consul George A. Soriano met with representatives of the Hong Kong Police Regional Crime Prevention Office - Hong Kong Island to discuss collaboration to intensify the campaign against deception crimes or fraud. 

The campaign aims to provide the public with information on how to avoid falling prey to deception, particularly those committed through phones or the internet.


The police reported earlier that there has been a 42.6% increase in deception crimes in Hong Kong.

Vice Consul Soriano pledged to take an active role in encouraging Filipinos in Hong Kong to take part in the campaign.


He also thanked the police for continually providing a safe environment for the more than 221,000 Filipinos living and working in the city.

Don't Miss