A coordination meeting between the police and representatives of banking institutions, attended by around 90-95 bank nodal officers.
PANAJI
The Goa Cyber Crime Police on Thursday urged banks to promptly share account details, transaction records and other information required for investigations, with senior police officers stressing the need for early detection of suspicious transactions and identification of mule accounts to prevent financial losses.
The concerns were raised at a coordination meeting between the police and representatives of banking institutions, attended by around 90-95 bank nodal officers. The meeting focused on expediting cybercrime investigations, improving information-sharing and strengthening preventive measures against financial fraud.
Inspector General of Police Keshav Ram Chaurasia, who chaired the meeting along with Deputy Inspector General of Police Ved Prakash Surya, stressed that timely intervention by banks could help prevent financial losses and protect citizens’ savings.
He called for early detection of suspicious transactions, stronger customer verification and closer monitoring of unusual banking activity. Banks were also urged to sensitise their staff to recognise cyber fraud, particularly digital arrest scams, and take immediate preventive action when suspicious transactions are detected.
Surya stressed the need for greater accountability and prompt responses to police requisitions. He underlined the importance of identifying mule accounts, which are used to route proceeds of fraud, and ensuring timely cooperation with investigating officers to improve the chances of tracing and recovering defrauded money.
Superintendent of Police Jivba Dalvi highlighted the role of banks in preventing financial fraud and assisting investigations. He urged banking institutions to remain vigilant about suspicious high-value transactions, particularly those involving senior citizens who may be targeted by digital arrest scams.
Assistant Superintendent of Police Shridevi B V called for effective communication between bank nodal officers and investigating officers to avoid delays in tracing cybercriminals.
The meeting also discussed the implementation of GRM and MRM mechanisms, timely sharing of account and transaction details, improved response systems and customer awareness of emerging cyber threats.
