FIU-India, I4C Sign Landmark MoU to Strengthen Fight Against Cyber Fraud
The MoU was signed by Amit Mohan Govil, Director, FIU-IND, and Rajesh Kumar, Chief Executive Officer, I4C, in New Delhi on Thursday.
Agreement to boost intelligence sharing, protect digital transactions and aid asset recovery
New Delhi: In a major step to strengthen India’s response to cyber fraud and financial crimes, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) have signed a comprehensive memorandum of understanding to enhance coordination and information sharing.
The MoU was signed by Amit Mohan Govil, Director, FIU-IND, and Rajesh Kumar, Chief Executive Officer, I4C, marking a significant move towards integrated intelligence efforts between the two key agencies.
The collaboration comes at a time when India’s digital payments ecosystem is expanding rapidly, necessitating stronger safeguards to protect citizens from cyber fraud and financial crimes.
Under the agreement, both agencies will develop operational intelligence inputs and support investigative bodies in preventing financial crimes, securing digital transactions, and facilitating asset recovery.
The MoU also aims to establish robust feedback mechanisms to improve fraud detection systems at the national level. It will enable the development and dissemination of guidelines and red-flag indicators for financial institutions to strengthen preventive frameworks.
Officials described the agreement as a milestone in adopting a “whole-of-government” approach to tackling cybercrime, bringing together multiple stakeholders in a coordinated manner.
FIU-IND serves as the national agency responsible for analysing and disseminating information related to suspicious financial transactions and combating money laundering and terror financing.
I4C, functioning under the ministry of home affairs, provides a coordinated framework for law enforcement agencies to address cybercrime. It operates key platforms such as the National Cybercrime Reporting Portal and other intelligence-sharing systems that enable real-time coordination among agencies, banks and financial institutions.
The partnership is expected to significantly enhance India’s capability to detect, prevent and respond to emerging cyber threats in the financial ecosystem.
