With RBI help, MHA plans to deploy AI to shut mule accounts

UNION Home Minister Amit Shah on Tuesday said that the government has worked out a plan to apply Artificial Intelligence (AI) tools to identify and close 'mule accounts' where cyber fraudsters park the swindled funds.

- MUKESH RANJAN

"Efforts are underway to use AI tools for identifying mule accounts in coordination with the RBI and all banks and establish a system for their detection to ensure that the money defrauded is not laundered," said Shah at a meeting of the Parliamentary Consultative Committee for MHA on 'cyber security and cybercrime'.