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Money mules: RBI proposes 60-day temporary debit hold for suspicious accounts and transactions
RBI defines a Money Mule account as an account used, knowingly or unknowingly, to receive, layer, or transfer proceeds of ...
The Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing banks to implement temporary debit holds on questionable transactions for up to sixty days.
RBI proposes SOP for banks to place temporary debit holds on money-mule and cyber fraud-linked accounts, with a maximum ...
RBI releases draft KYC amendment directions allowing banks to freeze accounts linked to money mule activity and cyber fraud.
The proposed rules are aimed at addressing a common problem for bank customers caught in cyber-fraud investigations ...
RBI's draft SOP limits temporary debit holds for suspected cyber-fraud money mule accounts to 60 days, unless police or ...
RBI issues draft Know Your Customer Amendment Directions, 2026 proposing a Standard Operating Procedure for temporary debit ...
RBI proposes 60-day limit for temporary debit holds on accounts suspected of money mule activity, cyber fraud. Learn the new rules.
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