Home Ministry warns against illegal digital payment gateways used by cybercriminals – India TV

Illegal digital payment: The Ministry of Home Affairs (MHA) on Monday (October 28) issued an alert against illegal digital payment gateways used for money laundering. The ministry said the illegal payment gateways are created using mule and rented bank accounts by transnationally organized cyber criminals.

“Recent nationwide raids by the Gujarat Police and Andhra Pradesh Police reveal that transnational criminals have created illegal digital payment gateways using mule/rented accounts. This illegal infrastructure that facilitates money laundering as a service is being used for laundering proceeds of various kinds derived from cybercrime,” the MHA said in a statement.

The government is taking steps to create Cyber ​​Secure Bharat

The ministry further said that the MHA, in collaboration with all law enforcement agencies (LWAs) under the leadership of Prime Minister Narendra Modi and under the leadership of Union Home Minister Amit Shah, is taking all steps to create a cyber-secure Bharat.

According to the information received from state police stations and analysis by the I4C wing, checking and savings accounts are scouted through social media (mainly from Telegram and Facebook), and these accounts are owned by shell companies and enterprises or individuals.

“These mule accounts are managed remotely from abroad. An illegal payment gateway is then created, where these mule accounts are given to criminal syndicates for accepting deposits on illegal platforms such as fake investment scam sites, offshore betting and gambling websites and fake platforms for stock trading,” the MHA said.

Some of the payment gateways identified during operation are PeacePay, RTX Pay, PoccoPay, RPPay etc. These gateways have been learned to offer money laundering as a service and are operated by foreigners.

MHA advised citizens not to sell/rent their bank accounts

The MHA’s Indian Cybercrime Coordination Center (I4C) advised “all citizens not to sell/rent their bank accounts/company registration certificate/Udhyam Aadhaar registration certificate to anyone.”

“Illegal funds deposited into such bank accounts can lead to legal consequences, including arrest. Banks can use checks to detect misuse of bank accounts used to set up illegal payment gateways,” the MHA said.

The ministry further urged citizens to report suspicious activities by calling the National Cybercrime Helpline at 1930 or visiting the official cybercrime reporting website. www.cybercrime.gov.in.

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