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4C and RBIH Sign MoU to Strengthen AI-Driven Detection of Mule Accounts and Cyber Financial Frauds

in National May 12, 2026 Comments Off on 4C and RBIH Sign MoU to Strengthen AI-Driven Detection of Mule Accounts and Cyber Financial Frauds 278 Views

Newdelhi;12/5/26:Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, and Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating cyber-enabled financial frauds and curtailing mule accounts across the banking and digital payments ecosystem. The MoU aims to facilitate cooperation in the areas of fraud-risk intelligence sharing, analytical support, and operational coordination for strengthening proactive fraud detection and prevention mechanisms.

Union Home Minister and Minister of Cooperation, Shri Amit Shah, posted on X, “Modi govt is tirelessly working for cyber secure Bharat. Mule accounts are a big hurdle in curbing cyber crimes. Today, the I4C under MHA signed an MoU with Reserve Bank Innovation Hub (RBIH), unleashing the power of Artificial Intelligence to combat cyber fraud. The move will swiftly detect and cull hidden mule accounts by feeding the data from the I4C’s Suspect Registry to the AI-driven fraud detection system and serve the citizens as their next-gen shield against cybercrime.”

The MoU was signed by Smt Roopa M, IG (Admin), I4C and Shri Sahil Kinni, CEO, RBIH in the presence of Shri Rohit Jain, Deputy Governor, RBI; Shri Anand Swaroop, Special Secretary (IS), MHA; Shri Rakesh Rathi, JS (CIS), MHA; Shri Rajesh Kumar, CEO, I4C; and other senior officers from RBI, RBIH and I4C.

Under the MoU, I4C and RBIH will collaborate for the sharing of mule account-related intelligence and suspect identifiers from I4C-MHA’s Suspect Registry to strengthen AI-driven fraud detection systems, such as MuleHunter.ai™, implemented across banks. RBIH will utilise the datasets for training and enhancement of AI-driven fraud-risk assessment models, including MuleHunter.ai™.

The I4C has been actively working towards strengthening and collaborating for India’s cybercrime response ecosystem through platforms such as the National Cybercrime Reporting Portal (NCRP), Suspect Registry, and other intelligence-sharing mechanisms. RBIH, a wholly owned subsidiary of the Reserve Bank of India, has been promoting innovation in the financial sector through technology-led initiatives and development of AI-enabled fraud detection frameworks aimed at strengthening the safety and resilience of the digital payments ecosystem and thereby increasing the trust of the citizen in the digital banking ecosystem.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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