Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering and digital frauds in the financial system.
Related Posts

Bharat CISO’s Conclave & Cybersecurity Startup Exhibition inaugurated under Bharat NCX 2024
Organized by the National Security Council Secretariat (NSCS) in collaboration with Rashtriya Raksha University (RRU), these landmark events highlighted India’s…

India unveils CSIRT-Power to fortify power sector against cyber threats
The establishment of CSIRT-Power comes at a crucial time as the power sector is undergoing a significant digital transformation, expanding…

Why upskilling in cybersecurity is crucial for future-proofing your career
As cyber threats evolve in sophistication, there is an increasing urgency to develop a strong pool of talent capable of…