digital frauds

Banks ought to step up efforts in opposition to ‘mule accounts’: RBI to financial institution chiefs

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Banks ought to step up efforts in opposition to ‘mule accounts’, that are used to launder the proceeds of fraud schemes, Reserve Financial institution of India Governor Shaktikanta Das advised chiefs of banks on Wednesday. In a gathering with the MDs and CEOs of Public and Non-public Sector banks, Das additionally requested them to accentuate … Read more

RBI plans a digital intelligence platform to detect fraud

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The Reserve Financial institution of India plans to arrange a centralised digital funds intelligence platform for sharing information on a real-time foundation throughout digital fee ecosystem aimed toward detecting fraud. Additionally learn:RBI intently monitoring incoming information on unsecured retail loans Shaktikanta Das, Governor, RBI, mentioned rising situations of digital fee frauds spotlight the necessity for … Read more