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The Economic Times
The Economic Times
Neelanjit Das

India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit Shah

Amit Shah India the Indian Cyber Crime Coordination Centre X ET Wealth Online I4C Artificial Intelligence fintech RBI

Union Home Minister, Amit Shah announced on May 12, 2026 that the Indian government has taken the bold step of using AI to combat money mule fraud especially since mule accounts are a big hurdle in curbing cyber crimes.

Shah announced that the Indian Cyber Crime Coordination Centre (I4C), a specialized agency designed to fight cybercrime has signed a MoU with the Reserve Bank of India’s Innovation Hub to use AI to combat cyber fraud.

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The Economic Times
The Economic Times
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