The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) have signed a Memorandum of Understanding (MoU) to strengthen coordination in combating cyber fraud and financial crimes, according to statement by the Ministry of Finance on Thursday, 9 April.
The agreement was signed by FIU-IND Director Amit Mohan Govil and I4C Chief Executive Officer Rajesh Kumar, marking a step towards enhanced intelligence sharing between the two agencies, which operate at the forefront of India’s cybercrime and financial crime response framework.
The collaboration comes at a time when India’s digital payment ecosystem has undergone rapid expansion, increasing the need for institutional safeguards to protect citizens from cyber fraud and financial exploitation.
The MoU is intended to facilitate the development of operational intelligence and provide support to investigative agencies in preventing financial crimes, protecting digital transactions, and enabling asset recovery.
As part of the agreement, both agencies will work towards establishing structured feedback mechanisms to strengthen fraud detection protocols at the national level.
The arrangement also includes the development and dissemination of guidelines and red flag indicators for financial institutions, aimed at improving early detection and prevention of cyber-enabled financial fraud.
The ministry described the agreement as a milestone in adopting a “whole of Government” approach to tackling cybercrime, with emphasis on coordinated intelligence sharing and institutional synergy.
FIU-IND serves as the central national agency responsible for receiving, processing, analysing and disseminating information related to suspect financial transactions, as well as coordinating efforts against money laundering and terrorism financing.
The Indian Cyber Crime Coordination Centre (I4C), functioning under the Ministry of Home Affairs, provides a framework for law enforcement agencies to address cybercrime in a coordinated and comprehensive manner.
It has developed platforms such as the National Cybercrime Reporting Portal, Cyber-Police system and Suspect Registry, which enable real-time intelligence sharing among law enforcement agencies, banks and financial institutions.
