The Centre has empowered the Indian Cybercrime Coordination Centre (I4C) under the Prevention of Money-Laundering Act (PMLA), enabling it to receive and share information with other agencies to combat money laundering linked to cybercrime.
This move is aimed at strengthening enforcement against financial transactions associated with online frauds and supporting the Enforcement Directorate in tackling transnational cybercrimes.
In a gazette notification issued late on Saturday evening, the Centre added I4C to the list of agencies covered under Section 66 of the PMLA.
With this inclusion, I4C will now have access to critical information from various agencies, enhancing its ability to assist in enforcement actions against financial crimes rooted in cyber activities.
The Indian Cybercrime Coordination Centre, officially known as I4C, was set up by the Ministry of Home Affairs as the central agency to address cybercrime through a coordinated and comprehensive approach.
Its empowerment under the PMLA is seen as a significant step in the fight against online financial crimes, particularly as cyber frauds linked to banking systems, online gaming, and betting platforms continue to rise.
A senior official, speaking to the media, clarified that I4C’s role would primarily be focused on coordination and support.
It will not have direct powers to prosecute under the PMLA but will play a crucial role in aiding the Enforcement Directorate’s investigations, especially in cases involving the dark web, illegal betting sites, and other forms of cyber fraud.
The decision forms part of the government’s broader strategy to address growing concerns over transnational cybercrimes and the increasing complexity of financial frauds carried out through digital platforms.
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