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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
The Department of Telecommunications (DoT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) to enhance cooperation in tackling the misuse of telecom resources in securities market frauds and investment scams, in a move aimed at strengthening the security of India’s financial ecosystem, according to an official statement from the Ministry of Communications dated April 15, 2026.
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The agreement was signed by Sanjeev Kumar Sharma, Deputy Director General of the AI and Digital Intelligence Unit (AI&DIU), DoT, and Sandip Pradhan, Whole Time Member, SEBI, in the presence of Deb Kumar Chakrabarti, Member (Services), Digital Communications Commission. According to the official release, the partnership marks a significant step towards deeper convergence between telecom intelligence and financial market regulation.
Key Provisions of the DoT–SEBI Partnership
A key feature of the MoU is the establishment of a structured data-sharing framework to enable early detection and disruption of fraudulent activities. Under the arrangement, DoT will share the Financial Fraud Risk Indicator (FRI) with SEBI to help identify mobile numbers exhibiting suspicious patterns through multi-dimensional analysis. Additionally, the Mobile Number Revocation List (MNRL) will be shared automatically, allowing SEBI-regulated entities such as brokers and asset management companies to verify that investor accounts are linked to valid and active mobile connections.
In return, SEBI will provide inputs on telecom resources associated with accounts involved in cyber fraud, impersonation, and money mule operations, enabling timely action by telecom authorities.
