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Is it illegal to open an account
Opening an account is not illegal. Opening an account is a basic right of citizens and a legal act. According to the Regulations on the Management of Customer Account Opening in Futures Market, certain principles should be followed in the process of account opening, including compliance, authenticity, accuracy and completeness. As long as you comply with these requirements when opening an account, provide true identification materials and do not involve illegal activities, opening an account does not constitute an illegal act. Opening an account refers to the abbreviation of customer opening an account in a bank. Enterprises, institutions and organs in China must meet one of the following two conditions when opening an account in a bank: an enterprise unit that implements independent economic accounting or an independent budget accounting unit that prepares financial budget and final accounts, or a business license issued by the superior competent department or the administrative department for industry and commerce.