DoT and FIU-IND Sign MoU to Prevent Cyber and Financial Fraud

The Department of Telecommunications (DoT) and the Financial Intelligence Unit – India (FIU-IND) signed a historic Memorandum of Understanding (MoU). The agreement aims to tackle cybercrime and financial fraud while strengthening India’s digital payment ecosystem and security. Under the MoU, measures such as real-time data sharing, identification of suspicious mobile numbers, and transaction monitoring will be implemented. Secure and rapid data exchange will be facilitated through advanced platforms like the Digital Intelligence Platform (DIP) and FinNex 2.0. This collaboration will connect over 700 users, including more than 650 banks, 36 state/UT police departments, SEBI, and NPCI, significantly enhancing fraud prevention capabilities across the country.