Official RBI reports or press releases regarding MuleHunter AI performance

RBI Launches Advanced MuleHunter AI Tool to Identify Mule Accounts and Combat Digital Fraud

Dec 6, 2024, 12:32 PM

The Reserve Bank of India (RBI) has introduced MuleHunter AI, an advanced artificial intelligence and machine learning tool designed to identify and flag suspected mule accounts. This initiative aims to combat the increasing prevalence of digital fraud and money laundering, which are often facilitated by these accounts. The RBI has urged banks to collaborate with this innovative solution to enhance their capabilities in tackling financial crimes. The launch of MuleHunter AI reflects the RBI's commitment to leveraging technology in the fight against financial fraud.