Police, bank nodal officers discuss improving response to cyber financial fraud
Greater Chennai Police and bank nodal officers met to improve coordination in combating cyber financial fraud. The discussion focused on streamlining the reversal of defrauded funds and ensuring faster bank responses to police inquiries.
Why it matters
As cybercrime rises, the speed of cooperation between financial institutions and law enforcement is vital for victim recovery.
A coordination meeting between Greater Chennai Police and nodal officers of banks was held at the Office of the Commissioner of Police in Vepery on Friday to strengthen efforts to combat cyber financial fraud.
The meeting was organised by the Cyber Crime Cell of the Central Crime Branch, following the instructions of City Police Commissioner A. Amalraj. Additional Commissioner of Police, Central Crime Branch, P.C. Thenmozhi, chaired the meeting. The discussions focused on improving coordination between the police and banks in handling cyber financial fraud cases.
Officials discussed the functioning of the GRM (Grievance Redressal Module) and MRM (Money Restoration Module) portals, expediting the reversal and refund of defrauded money to victims, freezing and lien-marking of fraudulent bank accounts, and ensuring compliance with court orders with a victim-centric approach.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in