May 2, 2026

mule accounts

Security agencies freeze 8,000+ mule accounts in J&K; officials flag funds may be exploited for anti-national activities – Times of India

Security agencies freeze 8,000+ mule accounts in J&K; officials flag funds may be exploited for anti-national activities – Times of India

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Security agencies in Jammu and Kashmir have identified and frozen over 8,000 “mule accounts” in the past three years.According to the officials, these accounts form the financial backbone of global scam networks and could fund separatist and anti-national activities.Officials described these accounts as the “weakest yet most crucial link” in the cybercrime chain, noting that…

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SC orders CBI probe into ‘digital arrest’ scam cases | India News – The Times of India

SC orders CBI probe into ‘digital arrest’ scam cases | India News – The Times of India

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(AI-generated image used for representation purposes) NEW DELHI: Supreme Court order for pan-India CBI probe into ‘digital arrest’ cases, while signifying the threat from digital scamsters, is important also because the opposition-governed states had withdrawn “general consent” to CBI to probe crimes in their territories.Keeping two other forms of cyber-crime – investment scams and part-time…

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Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates – The Times of India

Cyberfraud on rise: Fraudsters shift focus towards small business accounts; exploit PANs and fake Udhyam certificates – The Times of India

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Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….

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Mule accounts surge: Deposit fraud risk grows; banks tighten KYC checks – The Times of India

Mule accounts surge: Deposit fraud risk grows; banks tighten KYC checks – The Times of India

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Indian banks are seeing operational risks tilt from loan accounts to deposit accounts as the rise in mule accounts and money laundering forces stricter scrutiny of customers. Senior bankers said that deposit mobilisation, once considered low-risk, has now become a major operational challenge.“Large amounts of operational risks are coming from liability accounts which need to…

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