SOURCE ; NEW18
Last Updated:April 28, 2025, 23:47 IST
The Indian Cyber Crime Coordination Centre will now be able to receive information from the ED and other authorities on cases booked under the Prevention of Money Laundering Act
The reason for adding I4C is that almost all transactions involving cyber funds are converted into cryptocurrency and withdrawn in different regions. (Image for representation: Shutterstock)
The Centre has authorised the Indian Cyber Crime Coordination Centre to be added as a designated agency under Section 66(1)(ii) of the Prevention of Money Laundering Act, 2002. This means it will now be able to receive information from the ED and other authorities on these cases.
According to a senior government official, the role of Indian Cyber Crime Coordination Centre (I4C) after this amendment will be to coordinate cybercrime-related investigations involving money laundering. It can analyse data and intelligence related to online financial crimes. Additionally, it will assist law enforcement agencies by providing technical support on cybercrimes linked to money laundering.
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“It enhances inter-agency collaboration between the ED, police, and cybercrime units. The I4C will act as a key agency bridging cybercrime and money laundering investigations,” the official said.
A government notification states: “In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government, on being satisfied that it is necessary in the public interest to do so, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 381(E), dated the 27th June, 2006, namely: In the said notification, after serial number (26) and the entry relating thereto, the following serial number and entry shall be inserted, namely:— “(27) Indian Cyber Crime Coordination Centre (I4C).”
Sources said the reason for adding I4C is that almost all transactions involving cyber funds are converted into cryptocurrency and withdrawn in different regions. Also, complaints related to cyber fraud and the money involved are significantly increasing, which has raised concerns within the government.
“The ‘Citizen Financial Cyber Fraud Reporting and Management System’, under I4C, was launched in 2021 for immediate reporting of financial fraud and to stop siphoning off funds by fraudsters. So far, a financial amount of more than Rs 4,386 crore has been saved in more than 13.36 lakh complaints. A toll-free helpline number ‘1930’ has been operationalised to get assistance in lodging online cyber complaints,” the home ministry had said.
