SC issues directions against cyber scams Asks RBI to circulate SOP on mule accounts

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observing that mechanisms to tackle cyber crimes needed “wider adoption, faster implementation and continued follow-up”, the supreme court on tuesday asked the reserve bank of india to prepare and circulate a standard operating procedure (sop) in four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. issuing a slew of nationwide directions aimed at strengthening the response to cyber-enabled financial frauds, a bench of chief justice surya kant and justices joymalya bagchi an

Source: The Hitavada

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