Compliance & Risk

European banks are pioneering privacy-compliant fraud detection systems using small language models (LLMs) and established AI techniques, delivering tangible benefits like reduced losses and fewer false positives while adhering to stringent EU regulations—positioning them ahead of US giants burdened by less unified privacy frameworks. The Rise of AI in European Banking Fraud Detection AI adoption … Read more

SEBI’s Historic Finfluencer Takedown Avadhut Sathe started as a chawl kid in Mumbai dreaming of stock market riches. By 2025, his Avadhut Sathe Trading Academy (ASTA) raked in ₹86 crore annually from 3.37 lakh followers hooked on “wisdom-based” Bank Nifty tips. On December 4, 2025, SEBI slammed the door shut, banning Sathe, his academy, and … Read more

In a significant legal ruling, the Kharkhoda Civil Court in Haryana discharged a farmer named Ravinder who was accused of burning stubble, finding that the prosecution lacked merit because the District Magistrate’s ban on stubble burning was no longer in force on the date of the alleged violation. The court discovered that the ban remained effective from September 12, 2024, to November 10, 2024, but the complaint was filed on November 15, 2024, for an incident that occurred on November 14, 2024, meaning the order had already expired when the alleged burning took place. Beyond the procedural issues, the court also condemned the District Level Committee for imposing an unjustified fine on the farmer, charging him double the prescribed environmental compensation amount. According to the court’s findings, farmers with less than 2 acres of land should pay ₹2,500 in environmental compensation, but Ravinder was forced to pay ₹5,000 without proper justification or an opportunity to be heard. The court characterized this action as “unjust and unlawful enrichment” and “a matter of putrescence and dishonesty” within the District administration. As a remedy for the wrongful prosecution and loss of time, the court awarded the farmer only ₹1,000 under Section 399 of the Bharatiya Nyaya Sanhita (BNSS), which the article’s title suggests is an inadequate and illusory remedy for the farmer’s suffering. The court directed that a copy of the order be sent to the State Human Rights Commission and the Environment Department for investigation into the erring officials. This case highlights systemic issues in the enforcement of environmental regulations, including procedural lapses, administrative overreach, and the inadequacy of compensation mechanisms available under current law to address wrongful prosecutions.

In an increasingly digital world where mobile phones have become an extension of our daily lives, cybersecurity threats continue to evolve at an alarming pace. India’s Department of Telecommunications has responded to these challenges by introducing Sanchar Saathi, a comprehensive government-backed platform designed to protect mobile users from fraud, theft, and unauthorized telecom usage. This … Read more

Supreme Court Justice Manmohan addressed the India Law, AI and Tech Summit 2025 on November 29, 2025, presenting a nuanced perspective on artificial intelligence’s potential role in resolving India’s massive litigation backlog. He proposed that AI could help clear more than 60 percent of India’s pending cases by automating decisions in routine, small-ticket matters that do not require complex judicial evaluation. Justice Manmohan explained that a significant portion of India’s caseload comprises minor, repetitive disputes—such as land acquisition cases and mass filings—that could be efficiently processed through AI-enabled decision platforms, allowing courts to dispose of entire blocks of similar cases through single rulings. The Supreme Court has already begun piloting an AI-driven tool called SU-PACE, which functions as a digital research assistant to read case files, extract legal issues, and flag relevant precedents for judges, thereby reducing the time spent on administrative burdens. However, Justice Manmohan emphasized critical limitations and risks associated with deploying AI at scale, including algorithmic bias, hallucinated case law, and privacy concerns that must be addressed before widespread implementation. He stressed that technology should liberate judges from clerical work to focus on complex adjudication requiring human judgment, emotional intelligence, and constitutional values. Justice Manmohan cautioned that while AI can assist with accessibility through translation and case clustering, machines cannot replicate the emotional and human elements essential to judicial decision-making. He concluded with a powerful statement that the ultimate character of justice rests not in algorithms but in the integrity, independence, and intellect of human judges. Other speakers, including senior lawyer Dr. Lalit Bhasin, echoed concerns about over-reliance on technology, warning that India’s deeper crisis involves outdated and overlapping laws rather than mere case processing speed. The discussion highlighted the need for India’s legal system to evolve responsibly in governing emerging technologies while maintaining human-centered justice delivery.