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The Economic Times

Economy / The Economic Times

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Banks, FIU-IND work on sharper framework to flag money mule accounts

Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse.

28 Aug 2026 12:10 am