Cybercrime investigators have traced a network of fake UPI (Unified Payment Interface) IDs being used for illegal gambling in Bangladesh. The IDs, often created using forged documents, facilitate anonymous transactions across betting platforms. Law enforcement agencies have frozen dozens of accounts and are working with mobile payment providers to identify loopholes. Experts warn that such tactics can be used for cross-border money laundering and terrorism financing. The government has ordered PSPs to enforce biometric KYC for all digital wallets.
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