Srinagar, April 14, KDC: Cyber Police Station Kashmir Zone, Srinagar has intensified its crackdown on mule bank accounts that are being used to facilitate large-scale cyber fraud and money laundering across the Valley. In a recent development, preventive legal action has been initiated against 50 individuals whose bank accounts were found involved in illicit financial … Read more
Follow Us on Google News New Delhi, April 13 (IANS) Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks’ Association (IBA). At present, banks can only block accounts … Read more
Srinagar, 6th April 06: Cyber Police Station Kashmir Zone, Srinagar, has unearthed a sprawling and sophisticated network involved in the creation and management of mule bank accounts, which have become critical tools in the execution of large-scale cyber fraud and financial crimes. A mule bank account is an account used to receive and transfer illicit … Read more
New Delhi, Feb 11 (IANS) Efforts are underway to use Artificial Intelligence for identifying mule accounts, while over 19 lakh such accounts have been caught and transactions worth Rs 2,038 crore prevented in the fight against cybercrime, Union Home Minister Amit Shah said on Tuesday. A mule account is a bank account used by criminals … Read more
