In a landmark move to strengthen India's fight against cyber-enabled financial crimes, the Indian Cybercrime Coordination Centre (I4C) has been empowered under the Prevention of Money Laundering Act (PMLA). This decision, announced via a gazette notification, enhances I4C's authority to coordinate and support investigations into money laundering cases linked to cybercrime.
Established by the Ministry of Home Affairs , I4C serves as the national nodal agency for cybercrime investigations across India. With this new empowerment, I4C can now access and share critical data with other enforcement agencies, bolstering efforts to combat financial frauds in areas such as banking, online gaming, and betting platforms.
While I4C does not possess direct prosecutorial powers under the PMLA, its enhanced role in coordination and intelligence sharing is expected to significantly support the Enforcement Directorate in tackling transnational cybercrimes.
This move is part of the government's broader strategy to address the growing concerns over cyber-enabled financial crimes and ensure a more secure digital ecosystem.
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