Answer: Reserve Bank of India (RBI)
Notes: The Reserve Bank of India (RBI) launched MuleHunter.AI to help financial institutions detect mule bank accounts and combat digital fraud. Mule accounts are used by criminals for money laundering and are often opened by unsuspecting individuals for a fee. MuleHunter.AI, developed by the Reserve Bank Innovation Hub (RBIH), uses AI and machine learning to identify suspected mule accounts. It provides near-real-time monitoring to detect such accounts efficiently, helping to curb illicit activities in the banking system.
