Prior permission for investigations and mandatory ABBFF review for large-value frauds before enquiries proceed.
Prior permission is now required before initiating criminal investigation against a public servant under the Prevention of Corruption Act, and suspected large-value frauds involving public servants must undergo an initial mandatory examination by the Advisory Board for Banking and Financial Frauds before any enquiry or investigation proceeds. Additionally, personal liability of public sector bank chief executives for compliance timelines has been removed, with boards empowered to set compliance mechanisms and senior officer committees mandated to expedite internal disciplinary and vigilance cases.