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India to deploy AI to stop money mule fraud and block suspicious bank accounts faster
India
Published on 13 May 2026
AI-linked crackdown could silence mule accounts sooner
India is set to use artificial intelligence to combat money mule banking and cyber fraud. Home Minister Amit Shah announced a partnership between the Indian Cyber Crime Coordination Centre and the Reserve Bank of India’s Innovation Hub, aimed at detecting and blocking suspicious accounts more quickly. The move is expected to strengthen consumer safety across UPI, online banking, and fintech platforms.
- AI will be used to target money mule banking cyber fraud
- Cyber Crime Coordination Centre will partner with RBI Innovation Hub
- Goal is faster detection and blocking of suspicious accounts
- Focus on safer transactions across UPI and fintech platforms
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times