In April 2026, the Financial Intelligence Unit, India (FIU-IND) signed a Memorandum of Understanding (MoU) with the Indian Cyber Crime Coordination Centre (I4C) to enhance information sharing and bolster India’s fight against cyber frauds and financial crimes.
- The MoU was formally exchanged between Amit Mohan Govil, Director of FIU-IND, and Rajesh Kumar, Chief Executive Officer (CEO) of I4C, in New Delhi, Delhi.
Key Details of MoU:
Mechanism: This newly signed MoU will enable both agencies to set up robust feedback mechanisms for improving fraud detection techniques at the national level.
Guidelines: The agreement will also facilitate the development and dissemination of guidelines and red flag indicators to financial institutions to bolster cyber fraud prevention efforts.
FIU-IND: Established in November 2004 as a central national agency, FIU-IND, under the Ministry of Finance(MoF), is mainly responsible for receiving, processing, analysing and segregating information related to suspicious financial transactions.
I4C: It is a digital initiative of the Ministry of Home Affairs (MHA), which facilitates a national platform/framework for Law Enforcement Agencies (LEAs) for tackling cybercrime in a coordinated and comprehensive manner.
No comments yet. Be the first!