Selling Your Bank Account in Australia Carries Severe Penalties

International students in Australia are being warned of a dangerous scam. Criminals are offering cash, sometimes around $500, to rent or buy student bank accounts. This "easy money" is a serious crime. Students who agree may face a permanent criminal record and deportation from Australia with a lifetime re-entry ban. Australian law treats this activity as money laundering. Those convicted can receive severe prison sentences, potentially for life. Authorities state that individuals are fully responsible for any criminal activity that passes through their bank accounts, regardless of who conducts the transactions.