In the midst of increasing instances of cyber fraud aimed at a common man, this exchange of information would help idelify intellectual authors behind such fraud that are mostly transnational. | Photo credit: Reuters
The Government has authorized the Cyber Crime Coordination Center (I4C) of India to share and receive information from the Compliance Directorate under the law against Money Washing, a measure destined to detect Trail Money Trail and combat cyber fraud.
Established under the Ministry of Interior, I4C is expected to act as the nodal point to stop the cybercrime in the country. I4C focuses on improving coordination between the forces of the order of the ELAGENS law and the stakholders, promoting the change in the general capacity of India to address the cyber crime.
In a notification dated April 25, the Department of Income under the Ministry of Finance included I4C under section 66 of the Money Laundering Prevention Law (PMLA). This would help I4C share and recover information from the Configuration Directorate (ED) and other law enforcement agencies.
In the midst of increasing instances of cyber fraud aimed at a common man, this exchange of information would help idelify intellectual authors behind such fraud that are mostly transnational.
These online fraud are being perpetrated through false websites, pages of deceptive social networks and advertisements paid in search engines. These scammers also turn to send OTP or a weblink on the phone or email of an individual, and when a clever individual clicks on the link or shares the OTP, your phone/computer is pirate.
The Government has urged the public to inform these websites on the National Portal of Reports of Cybercrime Crimes in Cybercrime.gov.gov. In O call 1930 in case of any fraud.
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Posted on April 27, 2025