Question

    The Mule Hunter AI system, recently implemented by

    Indian financial institutions, is designed primarily to:
    A Detect phishing attempts and cyber attacks Correct Answer Incorrect Answer
    B Identify unauthorized foreign exchange transactions Correct Answer Incorrect Answer
    C Monitor cryptocurrency transactions for tax evasion Correct Answer Incorrect Answer
    D Detect money laundering activities using synthetic identities Correct Answer Incorrect Answer
    E Identify financial fraud involving money mule accounts Correct Answer Incorrect Answer

    Solution

    The Mule Hunter AI system is designed to detect financial fraud involving money mule accounts. These are accounts operated by individuals who, knowingly or unknowingly, transfer illegally acquired money on behalf of others. The AI system uses machine learning algorithms to identify suspicious transaction patterns indicative of money mule operations.

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