FIU-IND & I4C Unite Against Cyber Frauds

New Delhi, Apr 9 (PTI) The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) on Thursday signed an agreement to enhance information sharing and strengthen India's fight against cyber frauds and financial crimes.

The Memorandum of Understanding (MoU) aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, while also facilitating the development and dissemination of guidelines and red flag indicators to financial institutions to strengthen cyber fraud prevention efforts, the finance ministry said in a statement.


The agreement was signed by FIU-IND Director Amit Mohan Govil and I4C Chief Executive Officer Rajesh Kumar. The pact will mark a new era of collaborative intelligence sharing between the two agencies at the forefront of India's fight against cyber fraud and financial crimes, the ministry added.

FIU-IND is the central national agency responsible for analysing and disseminating information relating to suspected financial transactions and coordinating efforts against money laundering and financing of terrorism.

I4C has developed various platforms such as the National Cybercrime Reporting Portal (NCRP), Cyber-Police, Suspect Registry, etc., which are secure platforms for real-time intelligence sharing and coordination among various stakeholders, including law enforcement agencies, banks and financial Institutions, to combat cybercrimes including online financial crimes by enabling proactive action against the misuse of telecom, banking and other related resources.