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

The Money Mule Initiative underscores the importance of collaboration between U.S. law enforcement agencies and their counterparts abroad. Through information sharing, joint investigations ...

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 ...