We helped a law enforcement agency fortify their operational capabilities and safeguard users against fraud
Our client is a premier law enforcement body in Hyderabad, specializing in the investigation of money laundering and foreign exchange violations, committed to preserving the economic security of India.
The agency faced the significant task of recovering over Rp 8 billion siphoned off by instant loan apps during the COVID-19 crisis. These apps preyed on the financial desperation of individuals, charging predatory interest rates of over 30%, leading to unlawful money extraction from the innocent.
The directorate’s mandate involved the prevention of such fraudulent activities and the exposure of these schemes through analysis of bank and payment gateway transaction data.
In response to the challenge of identifying and mitigating fraudulent financial activities, our comprehensive approach encompassed the following strategic actions. We established a robust monitoring system that diligently tracked suspicious accounts, ensuring a detailed profiling and mapping of associated behaviors.
Leveraging our advanced data collection methodologies, we aggregated transactional data from a multitude of financial institutions and payment gateways associated with the loan applications in question.
Our solution was adept at pre-processing the vast data sets. We employed pivot building techniques to consolidate transactional information, which was pivotal in establishing clear money trails and enhancing the visualization of complex financial networks.
By automating the detection and tracing processes, we significantly streamlined the identification of fraudulent money trails. This automation has provided Enforcement Directorate officials with a powerful tool to expedite legal proceedings against confirmed fraudsters, thereby reinforcing the integrity of the financial system.
Through these measures, we have fortified the operational capabilities of the enforcement directorate, facilitating a more effective and efficient approach to safeguarding economic interests and upholding fiscal law.
