♦ The Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA) and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating cyber-enabled financial frauds and curbing mule accounts across India’s banking and digital payments ecosystem. The agreement aims to enhance fraud-risk intelligence sharing, analytical support, and operational coordination to improve proactive fraud detection and prevention mechanisms.

♦ Under the MoU, I4C will share intelligence related to mule accounts and suspect identifiers from its Suspect Registry, while RBIH will utilise the data to train and enhance AI-powered fraud-risk assessment models.

♦ The I4C has been actively working to bolster cybercrime monitoring and intelligence-sharing through platforms such as the National Cybercrime Reporting Portal (NCRP) and the Suspect Registry. Meanwhile, RBIH, a wholly owned subsidiary of the Reserve Bank of India, has been promoting innovation in the financial sector through technology-driven initiatives and AI-enabled fraud detection frameworks aimed at making digital transactions safer and more resilient.