<h1>RBI Urges Banks to Cooperate with Law Enforcement Against Money Laundering; Emphasizes KYC and Fraud Reporting Measures.</h1> The Reserve Bank of India (RBI) emphasizes banks' cooperation with law enforcement to prevent money laundering, as outlined by the Basel Committee on Banking Supervision. Banks must report suspicious activities and cooperate with investigations. In a notable case involving fraudulent activities, a bank reported the issue to the RBI and filed complaints with various agencies. The RBI has implemented measures, including Know Your Customer (KYC) guidelines and fraud reporting directions, to enhance detection and prevention of money laundering. These measures require banks to monitor transactions, report frauds, and implement security controls, ensuring accountability and compliance.