<h1>AI MuleHunter tool flags 20,000 mule bank accounts monthly, boosting digital fraud prevention and inter-agency coordination</h1> The central bank governor reported that an AI- and ML-based fraud-detection tool, MuleHunter, developed by the Reserve Bank Innovation Hub, is successfully identifying about 20,000 mule bank accounts monthly. These accounts act as intermediaries for movement and siphoning of fraudulent funds, and the tool is being adopted by a growing number of banks, nearing an initial target of 20 institutions. The central bank is enhancing coordination with the Indian Cyber Crime Coordination Centre under the Home Ministry and regularly reviewing digital fraud risks at senior levels to strengthen legal and regulatory safeguards for banking and payment systems.