https://www.taxtmi.com/news?id=52960 Police identified bank branches operating suspected mule accounts and initiated phased verification, inspections, and legal action. Cyber Crime Wing teams are examining branch records to ascertain negligence or collusion by bank staff, scrutinising lapses in KYC compliance, procedural violations in account opening, and the roles of account holders and employees. Raids and record checks have uncovered active transactions in accounts tied to closed firms and accounts opened on false addresses, prompting multiple complaints and commitments to expand similar inspections to other suspicious branches. en-us Tue, 19 Aug 2025 22:01:04 +0530 Tue, 19 Aug 2025 22:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52960 Police identified bank branches operating suspected mule accounts and initiated phased verification, inspections, and legal action. Cyber Crime Wing teams are examining branch records to ascertain negligence or collusion by bank staff, scrutinising lapses in KYC compliance, procedural violations in account opening, and the roles of account holders and employees. Raids and record checks have uncovered active transactions in accounts tied to closed firms and accounts opened on false addresses, prompting multiple complaints and commitments to expand similar inspections to other suspicious branches. News - Tue, 19 Aug 2025 22:01:04 +0530 https://www.taxtmi.com/news?id=52960