Banking News – Nepal Police have urged the public not to allow others to use their bank accounts in exchange for commissions, warning that such practices could expose account holders to legal action as cyber fraud cases continue to rise.

According to police, cybercriminals have increasingly been using third-party bank accounts to withdraw or transfer money obtained through online scams. Fraudsters often lure unsuspecting individuals by offering attractive commissions in return for access to their bank accounts or account details.

Police warned that individuals who agree to such offers may also become subject to criminal investigation and legal proceedings, even if they were not directly involved in the underlying cybercrime.

Authorities said cyber fraudsters typically deposit illegally obtained funds into other people’s bank accounts before withdrawing the money or transferring it to additional accounts, making the legitimate account holders part of the investigation process.

Police also noted that some individuals, tempted by small commissions, have allowed cybercriminals to use their personal bank accounts or have even opened bank accounts in their own names on behalf of strangers. Such actions may be considered indirect involvement in financial crimes and could lead to serious legal consequences.

Nepal Police has advised the public to treat their bank accounts as personal property and never allow others to use them. It also urged account holders not to share bank account details, ATM cards, PINs, passwords, or one-time passwords (OTPs) with anyone under any circumstances.