Hanoi, Nov. 18 -- The State Bank of Vietnam (SBV) has proposed freezing the accounts of those suspected of committing frauds.

The central bank also called for a ban on borrowing or renting bank accounts as well as certain intermediate payment services to improve account holders traceability and limit illegal activities in a draft amendment to a Government directive on cashless transactions .

Under the proposal, commercial banks could freeze accounts if they have sufficient evidence the accounts were used for or involved in fraudulent and illegal activates.

Accounts would also be frozen upon request from one or more than one account holders (in cases of one account having multiple holders) or due to disputes among account holders.

Acco...