Sibling of mine asked me to open an bank account for her in my name. She wants to fill it with her savings and use it on day-to-day basis with a debit card.
I have a strong feeling this could backfire against me. What are the risks I could run in to if I did this?
I am looking for possible risks as if there were not the edited out reason. The question is simply "Possible risks of opening bank account for family member in own name"
As I stated, I had bad feeling about it and declined. Now I am just looking for possible risks for the argument sake.