Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime

The Finance Ministry has included I4C (Indian Cyber Crime Coordination Centre) under the Prevention of Money Laundering Act (PMLA) to combat money laundering linked to cybercrime. This inclusion empowers the I4C to share information and coordinate with the ED and other agencies to track and prosecute individuals involved in laundering proceeds of cyber offenses. Given the rise in digital fraud and related financial crimes, this move aims to strengthen the legal framework to tackle the flow of illicit funds generated through cyber activities, enhancing the government's ability to curb digital money laundering.