Leh, July 03: The Reserve Bank of India (RBI), Jammu, organized a comprehensive sensitisation programme today aimed at empowering officials of Ladakh Police with crucial insights into legal provisions and investigative strategies concerning various financial sectors. Held at a local venue in Leh, the event saw active participation from over 40 police officers of different ranks.
Dr. S.D Singh Jamwal, Additional Director General of Police (ADGP), UT of Ladakh, inaugurated and presided over the programme as the Chief Guest. The sessions were meticulously crafted to address the evolving challenges posed by digital lending apps, cyber frauds, and regulatory compliance issues faced by both banking and non-banking entities.
Key topics covered during the programme included the modus operandi of financial frauds, preventive measures, and the investigative framework necessary to tackle such crimes effectively. Participants were briefed on the intricacies of the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, alongside regulatory guidelines such as the Key Fact Statement (KFS) and Fair Practice Code for lenders.
Senior dignitaries from Ladakh Police, RBI, and SEBI graced the occasion, including Shri Stanzin Nurboo, AIG Personnel; Shri Ram Sarup, Deputy General Manager, RBI; Shri Bhartendra Kumar Gupta, Deputy General Manager, SEBI; Ms. Shruti Arora, SP Leh; Shri Farhan Jahanzeb Naqash, Special Officer to ADGP; and Ms. Sudesh Kumari, AGM, RBI, among others.
“The programme underscored the critical role of collaboration between law enforcement agencies and financial regulators in safeguarding the interests of citizens,” remarked Dr. S.D Singh Jamwal. He emphasized the importance of leveraging these sessions to enhance the investigative capabilities of Ladakh Police in tackling financial crimes.
Participants engaged in interactive sessions where they discussed the practical challenges encountered during financial fraud investigations. Queries regarding the complexities of regulatory frameworks and emerging trends in digital finance were also addressed, ensuring a holistic understanding among attendees.
The event concluded with a commitment to continue such collaborative efforts, aimed at fostering a more secure financial environment in Ladakh.
