Misuse of tax id to open deposits

[neku]

Some investors are finding that fraudsters who they do not know are misusing their tax id to open deposits in banks. What is the motivation for opening a bank deposit with a fake tax id, and how to trace the fraudsters?

 

[gwolf666]

The motivation is often to launder money, conceal one's true identity, or take advantage of undue tax benefits. To track down the fraudsters, the key is to report the case to the bank and the tax authority, so they can investigate the account opening records, review addresses, documents, and related transactions, and identify those responsible.

 

[Suba]

This was a total bank error, which was negligent because each person's tax ID is different. If opened, the identity and name would certainly be different. Therefore, the name on the deposit account would certainly differ from the tax ID. Many online platforms can even distinguish between fake and someone else's ID.