The Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs and the Reserve Bank Innovation Hub signed an MoU to deploy AI-based systems for detecting mule accounts, addressing the surge in financial fraud through compromised banking channels.
One-Liners
| Fact / Entity | Detail |
|---|---|
| What | MoU between I4C and RBIH for AI-based mule account detection |
| When | May 2026 |
| Who | Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) |
| Ministry | Ministry of Home Affairs (I4C); Reserve Bank of India (RBIH) |
| Key Technology | Artificial Intelligence and machine learning for fraud pattern recognition |
| Target | Mule accounts used for laundering proceeds of digital financial fraud |
| Related Legislation | IT Act, 2000; PMLA, 2002; Digital Personal Data Protection Act, 2023 |
| Significance | First institutionalised AI-driven bank-fraud detection architecture in India |
