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LEF, CBI Differ on Ways to Protect Bank Accounts

LEF, CBI Differ on Ways to Protect Bank Accounts
LEF, CBI Differ on Ways to Protect Bank Accounts

The Law Enforcement Forces (LEF) have called on the Central Bank of Iran to work on integration of debit cards owned by each individual to reduce the risk of fraud and selling bank cards to money mules. The CBI, however, has other solutions.
Increase in financial crime using rented bank cards has become a source of concern for the LEF. In a recent interview with ISNA, Tehran Police Chief Brigadier General Hossein Rahimi said, "Owning multiple bank cards has increased the risk of criminality. Fraudsters easily persuade cardholders to rent their less-used debit cards for a fixed monthly payment."
He proposed integration of debit cards issued by different banks in a single bank card or integration of bank cards with other smart cards like the ID card or driving license, to minimize the temptation of lending bank cards and prevent legal consequences for cardholders. 

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