Reserve Bank of India introduced some guidelines for protection of this different geographical areas were situated it is very difficult to check money laundering transactions, to solve this problem reserve bank of India introduced legal entity identifier, it checks and prevents banking fraud in India.

Reserve bank of India has mandated a phase-wise implementation of Legal entity identification for all borrowers of banks in India. Legal Entity Identification is 20 digital global reference number which uniquely identifies foundation is the regulator of legal entity identification.

A cheque bounce is a criminal offence stipulated under Section- 138 of the Negotiable Instruments Act, 1881. However, in case of a cheque bounce, the aggrieved party can file a criminal as well as a civil suit against the accused.

The responsibility of lawyer is not just to accumulate the relevant information for his client in relation to the cheque bounce case but also manage all the paperwork that allows enough time to focus on his business and other considerations.