Digital Fraud Detection

Mule Bank Accounts and How RBI’s MuleHunter.AI is Tackling Digital Fraud

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A mule bank account is a bank account used by criminals for illegal purposes, most commonly to launder money obtained through illicit activities.

Introduction With the surge in digital financial transactions, cyber fraud has escalated dramatically in recent years. One of the most concerning issues is the rise of mule bank accounts—accounts used by criminals to launder illicit money. The Reserve Bank of India (RBI) has taken a significant step to combat this threat with its new AI-powered … Read more