Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) sign MoU to curb mule accounts

Key facts

• The Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA), signed a Memorandum of Understanding (MoU) with the Reserve Bank Innovation Hub (RBIH) to combat mule accounts.
• The collaboration will utilise Artificial Intelligence (AI) to detect and cull hidden mule accounts by feeding data from the I4C Suspect Registry into AI-driven fraud detection systems.
• The RBIH will use datasets to train and enhance AI-driven fraud-risk assessment models, including MuleHunter.ai, which is implemented across banks.
• The MoU was signed by Roopa M, IG (Admin) of I4C, and Sahil Kinni, CEO of RBIH, in the presence of senior officials from the Reserve Bank of India (RBI).
• The agreement aims to facilitate cooperation in fraud-risk intelligence sharing, analytical support, and operational coordination to strengthen proactive fraud detection and prevention mechanisms.