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Govt signs MoU to use AI to detect and freeze mule bank accounts
short by Vaishnavi Mishra / on Wednesday, 13 May, 2026
Indian Cyber Crime Coordination Centre (I4C), under Home Ministry, signed an MoU with Reserve Bank Innovation Hub to combat cyber-enabled financial fraud. They will use AI to detect and cull hidden mule accounts by taking the data from the I4C's Suspect Registry. A mule account is a bank account used by criminals to transact illicit funds without account holder's knowledge.
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