DoT, SEBI MoU to Combat Fraud

The India — Department of Telecommunications (DoT) and the India — Securities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) on April 15, 2026, to enhance cooperation in tackling the misuse of telecom resources in securities market frauds and investment scams. This agreement aims to strengthen the security of India's financial ecosystem by shifting from reactive enforcement to proactive prevention. Key features include a structured data-sharing framework where India — Department of Telecommunications will share the Financial Fraud Risk Indicator (FRI) and Mobile Number Revocation List (MNRL) with India — Securities and Exchange Board of India. In return, India — Securities and Exchange Board of India will provide inputs on telecom resources involved in cyber fraud. The intelligence exchange will be facilitated through India — Department of Telecommunications' Digital Intelligence Platform (DIP). This partnership builds on existing initiatives like Sanchar Saathi, which has already disconnected over 8.8 million fraudulent mobile connections and prevented an estimated Rs 2,300 crore in financial losses.