Banks are seeking authority to freeze mule accounts used in cyber fraud. Currently limited by the Prevention of Money ...

Although banks freeze thousands of these accounts every year, fraudsters quickly create new accounts using loopholes in the ...

A working group formed by the Indian Banks' Association has recommended that this issue be taken up with the Reserve Bank of ...

A mule account is a bank account used to facilitate illegal transactions by receiving and transferring funds from unlawful activities or committing other financial crimes. The person who owns the ...

SINGAPORE: When a man received a video call from a fake cop in May 2024 accusing him of money laundering, he made more than ...