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What Is a Dummy Account ?
Updated：2025-04-22
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The following information is from What Is a Dummy Account?-Hot News-Taiyuan Prison, Agency of Corrections, Ministry of Justice
What Is a Dummy Account ?
A dummy account is a bank account opened in your name, but you don’t use it—instead, you hand it over (or even sell it) to someone else, giving them full control, including your ATM card and PIN.More often than not, these accounts are used by fraud syndicates to move money in and out,helping them avoid detection by banks and authorities. Since the account is still under your name, when the money trail is traced, the police will come after you.
What Is a Dummy Account ?
A dummy account is a bank account opened in your name, but you don’t use it—instead, you hand it over (or even sell it) to someone else, giving them full control, including your ATM card and PIN.More often than not, these accounts are used by fraud syndicates to move money in and out,helping them avoid detection by banks and authorities. Since the account is still under your name, when the money trail is traced, the police will come after you.
