FNB flags scam selling SA accounts to Zimbabwe, Mozambique nationals

FIRST National Bank (FNB) has issued a warning about a scam in which criminals are illegally selling South African business accounts to nonresidents, mainly in Zimbabwe and Mozambique.

- MTHOBISI NOZULELA

In a statement released to the media, Roshan Jelal, Head of Fraud at FNB Commercial Chief Risk Office, said the fraudsters pretend to be FNB representatives and use fake and stolen documents to open accounts under false company names.

"The fraud sees criminals falsely presenting themselves as FNB representatives and encouraging nonresidents to open South African business accounts," the bank said.