The Reserve Bank of India i.e. RBI has recently directed banks to use the MNRL list of the Telecom Regulatory Authority of India (TRAI) available on the Digital Intelligence Platform by March 2025. This will increase monitoring and prevention of fraud risks. According to the news of Economic Times, this technology developed by the Ministry of Communications can prevent bank accounts from being operated as money mules and/or from being involved in cyber fraud.
Central Bank accepted
According to the news, RBI says that mobile numbers can be misused to commit online and other frauds. The central bank also acknowledged that the mobile number has emerged as a ‘universal identifier’. It can be misused by fraudsters to commit various types of online and other frauds. In such a situation, TRAI’s MNRL technology can be of great help. RBI has also termed the increase in frauds as a matter of serious concern. The customer’s mobile number becomes the means of authentication for OTP, transaction alerts, account updates etc.
What is this MNRL technology?
TRAI’s MNRL technology is a new solution to tackle financial fraud. Especially to tackle fraud related to mobile number and money mule. The objective of this directive is to enhance the security of digital transactions and prevent misuse of mobile numbers for fraudulent activities. MNRL is essentially a list of information about mobile numbers that have been permanently disconnected or rejected.
This list contains numbers that were acquired using fake or forged documents. Involved in cyber crime or financial fraud. Reported by citizens and failed reverification. Disconnected by telecom service providers due to fraud analysis. Reported for misuse by other organizations and remained inactive for long periods.
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