Amit Shah Announces Major MoU To Combat Mule Accounts In Cybercrime
Amit Shah announces AI pact to curb cybercrime mule accounts.
Union Home Minister Amit Shah on Tuesday announced that the Indian Cyber Crime Coordination Centre (I4C) has signed a Memorandum of Understanding (MoU) with the Reserve Bank Innovation Hub (RBIH) to tackle the growing misuse of mule accounts by cybercriminals targeting digital banking users across the country.
The agreement aims to strengthen cooperation between law enforcement and financial technology systems through fraud-risk intelligence sharing, advanced analytics, and coordinated operational response. According to officials, the collaboration is designed to enhance early detection of suspicious financial activity and improve preventive mechanisms across India’s banking and digital payments ecosystem.
In a post on social media platform X, Shah reiterated the government’s commitment to building a “cyber secure Bharat,” describing mule accounts as one of the most persistent challenges in combating cybercrime. He noted that artificial intelligence (AI) will play a central role in identifying and shutting down concealed mule accounts used to transfer illicit funds.
Also Read: UP Woman Dies by Suicide Day Before Anniversary After Online Harassment, Investigation Launched
Under the MoU, I4C will provide mule account-related intelligence and suspect identifiers from its Suspect Registry to RBIH. This data will be used to strengthen AI-driven fraud detection tools, including MuleHunter.ai™, which is being deployed across banking systems to flag and prevent fraudulent transactions in real time. The Reserve Bank Innovation Hub, operating under the Reserve Bank of India ecosystem, will use these datasets to refine machine learning models for improved fraud-risk assessment.
Officials said the initiative builds on I4C’s broader cybercrime response framework, which includes the National Cybercrime Reporting Portal (NCRP) and its expanding intelligence-sharing network. The MoU was signed by senior representatives from both organisations in the presence of top officials from the Ministry of Home Affairs, RBI, RBIH, and I4C, marking a coordinated push to strengthen digital financial security and enhance public trust in India’s rapidly growing online payment systems.
Also Read: Punjab Announces Civic Polls For May 26, Counting On May 29 Across 105 Urban Bodies
