Financial crime News

DoT said it is committed to prevent misuse of telecom resources by implementing national level technology driven solutions and collaborating with stakeholders, thus ensuring a secure and safe telecom ecosystem for all citizens. 

Cybercriminals now pose as relatives living in foreign countries They show some emergency situation and demand for money Call on 1930 if you have lost money to scammers

Under SIM duplication or SIM swap, fraudsters manage to get a new SIM card issued against your number Victim's SIM gets deactivated once the new SIM is issued Scammers then withdraw money from victim's bank account

Scammers are using innovative ways to siphon-off money from victim's account Call on 1930 immediately if you lost money to cyber criminals Call to your bank and inform them about the incident

Any lottery offer from KBC is fraud KBC doesn't offer lottery scheme Don't make any payment to strangers to get lottery prize money

Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime.

German lender Deutsche Bank has been fined more than £4.7 million (USD7.8 million, 5.9 million euros) for incorrectly reporting some financial transactions, regulators said on Thursday.