FIU-IND and I4C sign MoU to combat cyber fraud and financial crimes

Key facts

• Financial Intelligence Unit-India (FIU-IND) and Indian Cyber Crime Coordination Centre (I4C) signed a comprehensive Memorandum of Understanding (MoU) to enhance information sharing and coordination.
• The MoU was signed by Shri Amit Mohan Govil, Director, FIU-IND, and Shri Rajesh Kumar, Chief Executive Officer, I4C.
• The collaboration aims to develop operational information and support investigative agencies to prevent financial crimes, protect digital transactions and undertake asset recovery.
• The MoU will enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level.
• FIU-IND is the central national agency responsible for receiving, processing, analysing, and disseminating information relating to suspect financial transactions and coordinating efforts against money laundering and financing of terrorism.
• I4C is an attached office of MHA responsible for providing a framework and ecosystem for Law Enforcement Agencies (LEAs) for dealing with Cyber Crime in coordinated and comprehensive manner.