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Financial Fraud Risk Indicator (FRI)
May 31 , 2025
2 days
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- The Telecom Department has introduced ‘Financial Fraud Risk Indicator (FRI)’.
- It enables enhanced intelligence sharing with banks, UPI service providers and financial institutions to tackle cyber fraud and financial crime.
- This is a risk-based metric that classifies a mobile number to have been associated with 'Medium', 'High', or 'Very High' risk of financial fraud.
- The UPIs may decline transactions linked to Very High FRI mobile numbers and display an on-screen alert.
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